1998 Session

Budget Amendments - SB30 (Committee Approved)

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VMI Faculty Salaries

Item 250 #5s

Item 250 #5s

First Year - FY1999 Second Year - FY2000
Education: Higher Education
Virginia Military Institute FY1999 ($26,975) FY2000 ($79,325) GF

Page 166, line 34, strike "$17,634,595" and insert "$17,607,620".
Page 166, line 34, strike "$18,059,692" and insert "$17,980,367".

(This amendment ensures funding for annual instructional faculty increases of 4.1 percent, in order to meet the 60th percentile salary objective by FY 2000. The funds will be reduced from those provided for faculty salaries in Senate Bill 30, 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.)