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After celebrating University Day, Chancellor Thorp says now is a good time to look back on the past year’s successes and to consider the challenges ahead, including the budget – the #1 issue.

Read more on University Day

Thorp shares his thoughts in his 2011 annual address, which traces the cumulative impact of budget cuts and makes the case for protecting academic quality and the value of a Carolina diploma.

You can watch a brief video below or read a longer text version.

Published Oct. 13, 2011.