Thursday, November 2, 2017
Enrollment key to Marshall U salary increases - TAYLOR STUCK, Herald Dispatch
For the past several years, Marshall University has been searching for ways to increase faculty salaries, both in the interest of current and recruiting new faculty. The key, says Chief Financial Officer Mark Robinson, is increased enrollment. Robinson gave a presentation on the university's budget and the impact enrollment has on it Thursday at the regularly scheduled meeting of the faculty senate. About 49 percent of Marshall's budget for fiscal year 2018 is the core operating budget, with 66 percent of those costs supporting about 1,200 full-time regular faculty and staff positions. The university has seen a 20 percent reduction in state appropriations over the past five years, while total wages and benefits costs have increased 16 percent. And while the 9 percent tuition increase implemented this year covered the loss from the state, it is not enough to see additional monies in the core operating budget, Robinson explained.
http://www.herald-dispatch.com/news/marshall_university/enrollment-key-to-mu-salary-increases/article_274a97ad-6781-5800-945a-1133bc958c9e.html