Next month the University of Louisville Board of Trustees will begin work on extending President James Ramsey's contract. The extension has so far been met with happiness from people inside the school.The board voted last week to try to extend Ramsey's contract beyond its 2012 expiration date.The negotiations will start at the board's retreat, with input from the body's student and faculty representatives.Melissa Laning is the faculty representative. She says she hasn't yet heard from the faculty senate on the extension, but she personally supports Ramsey."During this time of economic difficulty, having someone who really, truly understands the economics of the state as a whole, with his experience, it is just incredibly helpful to us," she says.Ramsey has said he's open to staying longer.