2005 Session

Budget Amendments - SB700 (Committee Approved)

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VMI - Faculty salaries

Item 237 #2s

Item 237 #2s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Military Institute FY2005 $0 FY2006 $25,161 GF

Page 218, line 9, strike "$25,668,979" and insert "$25,694,140".

(This amendment provides $25,161 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 Institute with an average 4.5 percent increase in FY 2006. This Item also includes funding for a 4.0 percent salary increase for all administrative and part-time faculty. Salary increases shall be effective November 25, 2005.)