The Adams State University Board of Trustees on Friday approved a $64.2 million spending plan for fiscal year 2019-20.
The new budget takes effect July 1, and includes a 2 percent cost-of-living salary adjustment for faculty and exempt staff. Classified employees of the University will see cost-of-living and merit adjustments averaging 3 percent based on rates set by the Colorado Department of Personnel and Administration.
Adams State’s fiscal year runs July 1, 2019 to June 30, 2020.
