The Fiscal Year 2017 budget approved last week by the Missouri Southern Board of Governors includes a 2.25 percent across-the-board salary increase for all employees. The move will result in a minimum $600 increase for full-time employees and $300 for part-time.
The announcement came during the June 9 board meeting, in which members approved a balanced budget of $78.6 million and voted to extend President Dr. Alan Marble’s contract for an additional year.
State appropriations for the upcoming school year are expected to increase by an estimated 3.66 percent. The FY 2017 budget reflects no increase to the in-state tuition rate.
While noting that the overall percentage of Missouri Southern’s budget covered by state appropriations has been on the decline, board members have reaffirmed their commitment to affordable and attractive tuition rates.
“Missouri Southern remains committed to providing our students with outstanding value in education,” said Marble.
In other business, an election of board officers was held. Glenn M. (Mitch) McCumber will serve as board chair, and Keith Hankins as vice chair. Linda Eis and Sharon Odem will continue to serve as treasurer and board secretary, respectively.