2005 Session

Budget Amendments - SB700 (Committee Approved)

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ODU - Faculty salaries

Item 204 #2s

Item 204 #2s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Old Dominion University FY2005 $0 FY2006 $191,029 GF

Page 192, line 46, strike "$162,393,484" and insert "$162,584,513".

(This amendment provides $191,029 from the general fund in the second year to supplement funding provided for faculty salary increases in Senate Bill 700, as introduced. In an effort to bring average faculty salaries to the 60th percentile of peer institutions by the end of the decade, these funds will provide teaching and research faculty at the University with an average 4.0 percent increase in FY 2006. This Item also includes funding for a 4.0 percent salary increase for all administrative faculty, part-time faculty, and graduate assistants. Salary increases shall be effective November 25, 2005.)