2005 Session

Budget Amendments - SB700 (Conference Report)

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RBC - Faculty Salaries

Item 176 #1c

Item 176 #1c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Richard Bland College FY2005 $0 FY2006 $11,216 GF

Page 178, line 43, strike "$7,136,347" and insert "$7,147,563".

(This amendment provides $11,216 from the general fund in the second year to supplement funding provided for faculty salary increases in the budget, 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 College with an average 4.0 percent increase in fiscal year 2006. This amendment 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.)