1998 Session

Budget Amendments - HB30 (Conference Report)

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VCU Faculty Salaries

Item 189 #11c

Item 189 #11c

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 provides funding for annual instructional faculty increases of 5.6 percent, in order to meet the 60th percentile salary objective by fiscal year 2000. The funds will be added to those provided for faculty salaries in the budget bill, as introduced, which used a different methodology to calculate the 60th percentile objective, and which assumed lower rates of faculty salary market movement. Administrative and part-time faculty and graduate teaching assistants are funded for increases of 3.1 percent the first year, and 3.3 percent the second year.)