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State caps its pay for college chiefs

By Times Staff Writer
Published May 28, 2003

Florida lawmakers unhappy about the escalating salaries of university presidents passed a bill Tuesday that caps the amount of state money the presidents can receive at $225,000 annually.

Anything more than that amount would have to come from private sources.

Eight of Florida's 11 university presidents receive more than $225,000 a year from the state, thanks in large part to a recent round of pay increases. Two presidents have state salaries of at least $300,000.

Retiring University of Florida president Charles Young became the highest-paid president in December when the school bumped his annual salary to $350,000. Soon after, the University of South Florida raised president Judy Genshaft's salary to $325,000.

The other presidents earn between $175,000 and $295,000. Some of their salaries already are supplemented by private donations. Genshaft's pay, for example, includes $25,000 from the USF Foundation.

After the law goes into effect July 1, the foundations are expected to use private money to replace any state pay of more than $225,000.

The bill (HB 51A) passed the House 115-1 and the Senate 38-0.

[Last modified May 28, 2003, 02:15:21]

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