2005 Session

Budget Amendments - HB1500 (Conference Report)

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VCU - Redirect Gov's Base Adequacy

Item 225 #4c

Item 225 #4c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Commonwealth University FY2005 $0 FY2006 ($453,578) GF

Page 206, line 7, strike "$369,458,572" and insert "$369,004,994".
Page 210, line 21, strike "$15,864,756" and insert "$15,411,178".
Page 210, line 29, after "students", strike "," and insert ";".
Page 210, line 30, after "effectively", strike "," and insert ";".
Page 210, line 31, after "certificate,", insert:  
"particularly in fields where the Commonwealth faces critical workforce shortages;".

(This amendment provides for a reduction of $453,578 from the general fund in the second year in order to redirect those funds to raising average faculty salaries at Virginia's public colleges and universities to the 60th percentile of peer institutions nationally by the end of the decade. The amendment also includes clarifying language with respect to the institution's role in preparing students to meet the Commonwealth's critical workforce needs.)