Higher educational institutions; employee salaries from state funds. (HB474)
Introduced By
Del. Dave Albo (R-Springfield)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Higher education; employee salaries. Provides that the governing bodies of the public institutions of higher education shall not pay an employee a salary from state funds that is greater than 125 percent of the salary of the Governor of the Commonwealth. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/10/2012 | Committee |
01/10/2012 | Prefiled and ordered printed; offered 01/11/12 12103748D |
01/10/2012 | Referred to Committee on Education |
01/13/2012 | Assigned Education sub: Higher Education and Arts |
01/17/2012 | Subcommittee recommends striking from docket |
02/08/2012 | Stricken from docket by Education |
Comments
Last I checked, Virginia's governor makes $166,000/year. 125% of that is $207,500.
Why only cap the salary of university employees? Charles Grant, the chief investment officer of the Virginia Retirement System, makes $733,500. He's the top paid state employee. Why should he be able to make that much, but not the chief investment officer at Virginia Tech? After all, that's simply the cost of getting a really great CIO. What kind of a CIO do you think VRS could get for less than a third of that salary, and how would VRS's return on investment be affected as a result? The head coach of the men's basketball team at GMU, Paul Hewitt, makes $659,750. I suspect that's more than offset by income from the men's basketball team. What sort of a coach could GMU get for $207,500?
Why 125%? Why not 75%? Or 500%? What about positions that are partially state funded and partially locally funded? This law would appear to prohibit salaries in excess of $207,500 if even one dollar came from state funding. Is that the intent?
I see that this one has failed. Good riddance.