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Three-year contract will result in deficit if school doesn't increase tuition or get more state money
By Carol Biliczky
Beacon Journal staff writer
Published on Thursday, Aug 28, 2008
KENT: Kent State trustees on Wednesday approved a new three-year contract for tenure-track faculty that will cost it a total of $11 million over current expenditures during the life of the contract.
The agreement gives faculty raises of at least 9 percent over three years, plus merit raises, new minimum salaries and domestic partner benefits for their unmarried partners.
President Lester Lefton told trustees the contract ''seeks to reward high performance; makes the faculty our partners in our success in retention, research funding and fundraising; and seeks to enhance the competitiveness of our faculty compensation.''
He said it was a ''war out there in terms of competing nationally — and even internationally — to attract and retain the very best talent to Kent State.''
The new contract could come with a downside.
Lefton and trustee Chairman Patrick Mullins said it will put KSU in the red if the state does not raise the allowance it gives KSU to educate students or allow the university to increase the cost of tuition.
Mullins and Lefton said the university will borrow perhaps $3.2 million from its rainy day fund to cover the shortage at the end of the current school year.
The deficit at the end of the second school year could be $4 million to $5 million; in the last year, perhaps $7 million, they estimated.
''They can't not allow us to raise tuition or give us more money,'' Lefton said. ''We assume (they will do) one or the other.''
Faculty had complained that their compensation was falling behind their peers at other state-supported universities in Ohio.
The agreement covers almost 900 faculty at eight KSU campuses.
State support and student tuition are the primary ways that Kent State pays its bills. State-supported universities froze tuition last year and this year in exchange for more support from the state.
Carol Biliczky can be reached at 330-996-3729 or cbiliczky@thebeaconjournal.com.
KENT: Kent State trustees on Wednesday approved a new three-year contract for tenure-track faculty that will cost it a total of $11 million over current expenditures during the life of the contract.
Get the full article here.
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