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2005 Session

Budget Amendments - SB700 (Committee Approved)

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JMU - Redirect Gov's Base Adequacy

Item 186 #1s

Item 186 #1s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
James Madison University FY2005 $0 FY2006 ($383,404) GF

Language
Page 183, line 34, strike "$161,505,533" and insert "$161,122,129".
Page 184, line 18, strike "$7,553,980" and insert "$7,170,576".
Page 184, line 26, after "students" strike "," and insert ";".
Page 184, line 27, after "effectively" strike "," and insert ";".
Page 184, line 28, after "certificate," insert:  "particularly in fields where the Commonwealth faces critical workforce shortages;".


Explanation
(This amendment provides for a reduction of $383,404 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 Governor had earmarked these funds in Senate Bill 700, as introduced, to reflect an increase in the number of graduates at the institution over the last two years. Language has been added to clarify the General Assembly's intention that the institution should place a priority on increasing the number of students graduating with degrees, particularly in fields, such as nursing and education, where the Commonwealth faces critical workforce shortages.)