1998 Session

Budget Amendments - HB30 (Conference Report)

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CWM Fac Salaries

Item 205 #5c

Item 205 #5c

First Year - FY1999 Second Year - FY2000
Education: Higher Education
The College of William and Mary in Virginia FY1999 ($62,395) FY2000 ($195,390) GF

Page 151, line 18, strike "$82,146,334" and insert "$82,083,939".
Page 151, line 18, strike "$86,190,488" and insert "$85,995,098".

(This amendment ensures funding for annual instructional faculty increases of 9.4 percent, in order to meet the 60th percentile salary objective by fiscal year 2000. The funds will be reduced from 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.)