2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

View Budget Item
View Budget Item amendments

NSU - Faculty Salary Increase

Item 200 #5s

Item 200 #5s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Norfolk State University FY2005 $254,988 FY2006 $470,748 GF
FY2005 $451,567 FY2006 $833,662 NGF

Page 155, line 14, strike "$68,890,053" and insert "$69,596,608".
Page 155, line 14, strike "$69,247,068" and insert "$70,551,478".
Page 156, line 47, insert:
"H.  Out of this appropriation, $254,988 is provided in the first year and $470,748 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.)