2005 Session

Budget Amendments - SB700 (Conference Report)

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VT - Redirect Gov's Base Adequacy

Item 242 #1c

Item 242 #1c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Polytechnic Institute and State University FY2005 $0 FY2006 ($408,024) GF

Page 220, line 29, strike "$393,811,772" and insert "$393,403,748".
Page 221, line 42, strike "$9,536,614" and insert "$9,128,590".
Page 221, line 50, after "students" strike "," and insert ";".
Page 221, line 51, after "effectively" strike "," and insert ";".
Page 221, line 52, after "certificate," insert:  
"particularly in fields where the Commonwealth faces critical workforce shortages;".

(This amendment provides for a reduction of $408,024 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 amendment also includes clarifying language with respect to the institution's role in preparing students to meet the Commonwealth's critical workforce needs.)