The Cal State Board of Trustees will vote on an amendment that would raise the compensation of university presidents at the plenary session later this afternoon. The committee on personnel passed the amendment for a full board vote this morning.
According to a presentation given at the committee meeting, the base salaries of 18 Cal State presidents are below the 25th percentile when compared to their peers at comparable universities across the country.
Cal Poly President Jeffery Armstrong currently makes $509,000 base salary, according to the Cal State executive compensation summary.
The resolution would not immediately raise the base pay of Cal State Presidents and Chancellors but adds the ability to earn up to 15-percent of their base salary if they reach performance-based incentives set by the Board of Trustees.
A potential raise in presidential pay comes at a time where the Cal State system recently had their budget cut by $144 million, with Cal Poly specifically facing a $9 million dollar cut in budget.
READ MORE: Cal Poly state funding cut by $9.7 million amid statewide budget deficit
“It’s disappointing that the president will get a raise when we are losing money on sports and other student activities,” said Taylor Murphy, an animal science junior.
The vote to finalize the amendment is scheduled to take place around 3:15 p.m. Mustang News will update with the results of the vote.
This is a developing story, and Mustang News will provide updates as they are available.