This Week in Richmond: Bonuses Approved
Posted: April 19, 2002 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am
This column, written periodically by Thomas Hennessey, chief of staff to President Alan Merten, is published to keep the university community informed on the budget situation in Richmond, and how those developments directly affect George Mason.
On Wednesday, the General Assembly met for the last time this year. It considered Gov. Mark Warner’s 83 amendments to legislation passed by the General Assembly in March. Some significant changes to legislation were made, all of them good for George Mason.
First, the 2.5 percent bonus will now be paid in August rather than in December. For nine-month faculty, this will be included in the first paycheck of the school year. For 12-month employees this will likely be included in the Aug. 30 paycheck. Action will be taken to minimize the tax liabilities associated with payment of a bonus. Classified employees will have to make a decision before July 1, 2002, to take the bonus or paid compensatory time or a combination of the two.
Prior to the reconvened session Wednesday, the governor signed House Bill 99–the General Obligation Bond Bill for Higher Education. This bill will provide, with voter approval in November, more than $107 million in construction and renovation funds for George Mason University.
Although not directly related to George Mason, the governor’s amendment to the Hampton Roads tax referendum was approved. This amendment will provide voters in Northern Virginia the opportunity to vote in November for a half-cent increase in the sales tax for transportation projects in Northern Virginia.