State leaders have given the University System and other agencies a May 20 deadline to submit plans to cut their budgets by as much as 14% for the budget year that begins July 1. For the University System, the cuts amount to $361 million. The board last week gave the University System authority to potentially furlough employees, with those earning higher salaries - including presidents - taking larger cuts. The furlough plan would save the system about $40 million, officials said.
The average base presidential pay in the Georgia system last year was $332,475. Georgia State University President Mark Becker, whose school has the highest enrollment in the state, has the highest annual compensation package of any system president, approximately $1.1 million. Georgia State has about 53,000 students.