2005 Session

Budget Amendments - SB700 (Conference Report)

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UMW - Faculty Salaries

Item 194 #2c

Item 194 #2c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
University of Mary Washington FY2005 $0 FY2006 $63,333 GF

Page 187, line 40, strike "$43,927,207" and insert "$43,990,540".

(This amendment provides $63,333 from the general fund in the second year to supplement funding provided for faculty salary increases in the budget bill, 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 4.3 percent increase in fiscal year 2006. This amendment 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.)