1998 Session

Budget Amendments - HB30 (Committee Approved)

View Budget Item
View Budget Item amendments

Faculty Salary Increase-VIMS

Item 215 #8h

Item 215 #8h

First Year - FY1999 Second Year - FY2000
Education: Higher Education
Virginia Institute of Marine Science FY1999 ($8,232) FY2000 ($25,615) GF

Page 154, line 36, strike "$15,606,076" and insert "$15,597,844".
Page 154, line 36, strike "$15,644,952" and insert "$15,619,337".

(This amendment reduces from the level of House Bill 30 as introduced the additional funding provided each year for faculty salary increases at the Virginia Institute of Marine Science. The reductions are the result of 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.)