Skip to Main Content

News

Events

News

Events

News

Events

News

Events

News

Events

News

Events

1999

You are in the main content


The Executive Committee and the Finance and Physical Development committees of the James Madison University Board of Visitors held a joint teleconference meeting on May 25, 1999. The meeting was based in the Richmond office of board Rector Henry Harrell.

Following is a summary of actions taken by the committees:

  • Formally approved an operating budget of $202.7 million for JMU during the 1999-00 fiscal year. The budget represents an increase of 6.8 percent over the 1998-99 budget. The full board had tentatively approved the budget at its March meeting. More than half the budget $108.8 million will go into JMU's educational and general budget. Another $84.9 million will go into auxiliary enterprises programs that support the student population at JMU. The remainder of the budget will go to student financial aid ($4 million) and programs that are sponsored by external grants ($5 million). (See News Release.)

Key elements of the budget include:

  • Raises averaging 6.1 percent for teaching faculty and 4 percent for administrators. Raises for staff personnel will range from 4 percent to 6.25 percent, based on performance.
  • 47 new faculty and staff positions.
  • $305,000 in new funds to enhance technology.
  • $260,000 in new funds for maintenance of buildings.
  • Increased financial aid of $556,776.
  • Agreed to decrease tuition and mandatory fees for in-state students an additional $6 for the 1999-00. In March, the board approved a decrease from the 1998-99 total of $4,256 to $3,932 for 1999-00. The reduction reflected a 20 percent decrease in tuition. The reduction had not earlier been applied to a $42 required technology fee. Adding that fee to the tuition total resulted in the additional cut and the new fall charge of $3,926 for Virginia students.
  • Approved a summary six-year capital plan for JMU. The plan calls for several major renovation projects; construction of the third CISAT academic building; a music building recital hall; and a center for the arts.
  • Passed a resolution dealing with the financing of the Student Services Building at CISAT through the 
    Virginia College Building Authority.