Higher Education Notebook
Increasing faculty salaries was the second-highest budget priority out of 11 presented to the Board of Governors’ Committee on Budget and Finance October 12. The administration plans to seek funds from the 2007 legislature to boost faculty salaries, on average, to the 80th percentile of their peers. This would mean adding $43.9 million in 2007-08 and the same amount for 2008-09. The $87.8 total would be in addition to 4 per cent merit-based increases, which will add up to $136 million for the two-year period, plus a proposed $2 million for distinguished professorships.
These numbers come from a “draft for discussion purposes only” list of priorities presented at the meeting and could change. The top priority is need-based financial aid, with a total proposed request for such aid $53.6 million. Other high priorities include $1.75 million for the “Academic Summer Bridge” program for students not ready to enter as freshmen, funds for University of North Carolina Online ($10 million over two years), and a variety of research projects totaling $59 million for 2007-8 and $29.6 million for 2008-09.