1998 Session

Budget Amendments - HB30 (Committee Approved)

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Faculty Salary Increase-VCU

Item 189 #12h

Item 189 #12h

First Year - FY1999 Second Year - FY2000
Education: Higher Education
Virginia Commonwealth University FY1999 $1,624,295 FY2000 $4,518,246 GF

Page 141, line 22, strike "$245,153,715" and insert "$246,778,010".
Page 141, line 22, strike "$250,505,608" and insert "$255,023,854".

(This amendment increases funding for faculty salary increases in each year. The increases were determined by using the customary calculation for achieving the 60th percentile of the peer group. This calculation assures that the salary of the faculty at each public institution of higher education will be equal to an amount slightly above the average for the institution's peer group. This amendment was proposed in the "Unified Amendment" developed by the presidents of the public institutions of higher education. Companion amendments apply the same policy to all public institutions of higher education.)