In a year of record budget shortfalls, the Colorado State University board created a new top executive spot at the university and filled it with board Vice Chairman Joe Blake. The new chancellor’s contract is now posted online at Face the State’s Reading Room. The upshot is that, as land-grant CSU continues to wrestle with its shrinking budget by laying off faculty and staff across departments, it will now pay $625,000 per year in combined salary to Blake and CSU Fort Collins President Tony Frank. Last fall the university paid a $389,000 salary to Larry Penley, who served, like all of the men who held the position before him, as both system chancellor and Fort Collins campus president.