2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

View Budget Item
View Budget Item amendments

VSU - E - Faculty Salary Increase

Item 251 #1s

Item 251 #1s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Cooperative Extension and Agricultural Research Services FY2005 $20,117 FY2006 $37,138 GF
FY2005 $741 FY2006 $1,368 NGF

Page 187, line 34, strike "$7,275,641" and insert "$7,296,499".
Page 187, line 34, strike "$8,083,452" and insert "$8,121,958".
Page 188, line 18, insert:
"D.  Out of this appropriation, $20,117 is provided in the first year and $37,138 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.)