2004 Session

Budget Amendments - SB30 (Committee Approved)

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JMU - Faculty Salary Increase

Item 186 #6s

Item 186 #6s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
James Madison University FY2005 $536,834 FY2006 $991,078 GF
FY2005 $1,041,988 FY2006 $1,923,671 NGF

Page 150, line 31, strike "$136,809,392" and insert "$138,388,214".
Page 150, line 31, strike "$138,108,694" and insert "$141,023,443".
Page 151, line 13, insert:
"C.  Out of this appropriation, $536,834 is provided in the first year and $991,078 is provided in the second year from the general fund for the state share of a three percent salary increase for all faculty, effective November 25, 2004.  In combination with these funds, the University, with approval from its governing board, may use nongeneral fund revenues to support up to an additional 1.5 percent salary increase for teaching and research faculty, effective November 25, 2004.  This additional authority is provided to assist the institution in addressing issues of faculty retention and recruitment and to begin raising average salaries for teaching and research faculty to the 60th percentile of peer institutions by the end of the decade."

(This amendment is self-explanatory.)