University of Iowa News Release
May 16, 2003
UI President Shares Budget, Salary Principles
UI President David Skorton today announced budget principles and salary guidelines for the 2003-04 fiscal year. Here is the text of his letter:
"I am writing to share with you my decisions on budget principles and salary guidelines for the upcoming fiscal year, beginning July 1, 2003. I will be addressing these issues with the Board of Regents at the May and June meetings. Final decisions on our budget are subject to approval by the Board.
"As you know, the Iowa Legislature has recently adjourned. Although the Governor has called a special session for the end of this month, it is highly unlikely that the special session will materially affect our budget. For that reason, I am writing now to share with you the principles underlying planning of the budget for next year. These principles and guidelines were developed over a period of many weeks based on extensive consultation involving the vice presidents group, collegiate deans, and the Faculty/Staff Budget Committee. The student body leadership has also been briefed.
"The legislative session was again a difficult one regarding budgetary matters because of the state's financial situation. The appropriations reductions we received were in proportion to the University's share of the overall state budget. The University's appropriation is approximately 7% of the state's general budget.
"You will note in the accompanying document that the budget will accommodate salary increases this year. I have attempted to make average salary increases for faculty and professional and scientific staff on approximately the same level as the cost of living increase achieved by our collective bargaining units. There will be no further budget reductions to colleges or other major units, and the University general fund will supply incremental funding to all units for partial fulfillment of the salary policy. Units will be expected to reallocate from their own base budgets to meet the salary policies set out in the accompanying document, for which a link is provided below. Although this will require difficult decisions at the unit level, I believe the principle of local autonomy and flexibility is important, more than ever at a time of budgetary challenges.
"I thank you in advance for your help in maintaining our growing excellence, even at a time of continuing budgetary stress. I pledge to continue broad consultation on campus as the new fiscal year begins and to be flexible in making any changes that are needed as the year unfolds."
Fiscal Year 2004 Budget Principles and Salary Guidelines
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.
MEDIA CONTACT: Steve Parrott, 319-335-0552, firstname.lastname@example.org.