Dear Colleagues:<\/p>\n
As you will recall, given the state appropriation uncertainty that existed at the time of the June 16 meeting of the Board of Governors, the Board approved a Fiscal Year 2019\u00a0Operating Budget developed using the appropriation recommended by Governor Greitens in the\u00a0Executive Budget (a 7.73% decrease to the core appropriation for higher education). \u00a0In late June, Governor Parson signed the FY 2019\u00a0appropriation\u00a0bills approving the legislature\u2019s budget which maintained higher education funding at the FY 2018 level after withholding (with no performance-based funding component). \u00a0At a conference call meeting\u00a0held earlier today, the Board approved a revised budget resolution reflecting the increase in state appropriations.<\/p>\n
Although the FY 2019 state appropriation is flat to the FY 2018 appropriation (which was a 9% cut from the FY 2017 appropriation), the reallocation work we did together during the spring semester has provided us with the ability to do a salary\u00a0increase greater than the 1% discussed at the February All-University Address. \u00a0I am happy to report that also at today\u2019s meeting, the Board approved Salary Policies for FY 2019 which reflect a 3% raise retroactive to July 1, 2018 for those under contract on\u00a0August\u00a01 who are not already under contract for FY 2019. \u00a0Contracts and salary letters will now be prepared and are expected to be issued on or soon after July 30.\u00a0 Adjustments for the FY 2019 increase, including the\u00a0retroactive increase, will be reflected in August paychecks.<\/p>\n
We are very appreciative of the work of the legislature and the support of the\u00a0Governor in restoring funds to higher education.\u00a0 We are also\u00a0very\u00a0appreciative of the Board in supporting our reallocation\u00a0efforts,\u00a0enabling us\u00a0to increase the level of compensation for our faculty and staff even\u00a0in these challenging budget times.<\/p>\n
Thank you for your commitment to making Truman even better and I wish you relaxing and joyful times\u00a0for the remainder of your summer.<\/p>\n
Best regards,<\/p>\n
Sue<\/p>\n","protected":false},"excerpt":{"rendered":"
Dear Colleagues: As you will recall, given the state appropriation uncertainty that existed at the time of the June 16 meeting of the Board of Governors, the Board approved a Fiscal Year 2019\u00a0Operating Budget developed using the appropriation recommended by Governor Greitens in the\u00a0Executive Budget (a 7.73% decrease to the core appropriation for higher education). […]<\/p>\n","protected":false},"author":296,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1437","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n