Cost of One Percent Increase
​

$46,525,000​​

Estimated 2022-23 Cost of One Percent Salary Increase


 2021-22
F​in​al Budget​ ​
2021-22
Retirement
   Adjust​m​​ent
2021-22
Adjusted Base
2022-23
Cost of One Percent Salary Increase
Salaries
$1,747,124,000 $1,747,124,000 $17,471,000
Retirement
$464,382,000 ($2,620,000)
$461,760,000 $4,618,000
Social Security
$119,466,000 ​​$119,466,000 $1,145,000
Total Faculty
$2,330,972,000 ($2,620,000)
$2,328,352,000 $23,283,000
Salaries
$1,735,851,000

$1,735,851,000 $17,360,000
Retirement
$479,483,000 ($3,566,000)
$475,917,000 $4,759,000
Social Security
$112,423,000 $112,423,000 $1,124,000
Total Staff
$2,327,757,000 ($3,566,000)
$2,324,191,000 $23,242,000
Grand Total
$4,658,729,000 ($6,186,000)
$4,652,543,000 ​$46,525,000