Definitely stay where you are. It's rare to find a manager who gives you expanded responsibilities, stretch assignments, praises your work, and goes in to bat for you to be promoted.

Definitely stay where you are. It's rare to find a manager who gives you expanded responsibilities, stretch assignments, praises your work, and goes in to bat for you to be promoted. Even better if you can build a great relationship with your manager's manager, and have them groom you and advocate for you too.

Everyone's hurting in the current economy, and if you can't get a raise due to budgetary restrictions, try to negotiate the promotion without the raise. Enlist your manager to go in to bat for you.

Regardless of whether you get the raise and promotion, do keep taking on greater responsibilities that represent a 'next step' up for you in your career, while doing whatever you can to help your company and team through the budget crunch. This is a career "best practice" that will earn you many raises, promotions and loyalty from your leaders in the longer term.