2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

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View Budget Item amendments

GMU - Faculty Salary Increase

Item 182 #8s

Item 182 #8s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
George Mason University FY2005 $1,002,308 FY2006 $1,850,415 GF
FY2005 $1,353,739 FY2006 $2,499,211 NGF

Page 148, line 47, strike "$215,677,704" and insert "$218,033,751".
Page 148, line 47, strike "$215,490,073" and insert "$219,839,699".
Page 149, line 53, insert:
"F.  Out of this appropriation, $1,002,308 is provided in the first year and $1,850,415 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.)