2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

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3% FY 2008 Faculty Salary

Item 461 #11c

Item 461 #11c

First Year - FY2007 Second Year - FY2008
Central Appropriations
Central Appropriations FY2007 $0 FY2008 $12,864,000 GF

Page 396, line 1, strike "$172,094,188" and insert "$184,958,188".
Page 403, after line 38, insert:
"Q. Out of the amounts for Compensation Supplements shall be paid $12,864,000 the second year from the general fund to provide for a three percent salary increase and related employee benefit costs effective November 25, 2007.  Such non-general funds as may be required to implement this increase are hereby appropriated."

(This amendment provides $12.9 million from the general fund the second year for an average 3.0 percent salary increase for faculty.)