- Budget recommendations asking for an additional $109 million were approved Monday by the State Council of Higher Education for Virginia and will now go to the governor and General Assembly.
- Of the $109 million, $71.5 million will go toward providing additional faculty and staff, instructional materials, retention and graduation improvement, and increasing in-state enrollment, while another $27 million will assist in providing financial aid.
- The additional funding was requested in part to help cover a 2% faculty salary increase beginning in July, and the council also recommended $10.2 million for operating and maintaining new buildings and $30.7 million in debt financing for an equipment upgrade program.
From the article:
RICHMOND, Va. (AP) — The State Council of Higher Education for Virginia on Monday approved budget recommendations that ask for an additional $109 million, in part to help pay for a 2 percent salary increase for faculty. SCHEV unanimously approved its budget recommendations, which now go to the governor and the General Assembly for consideration. …