💲 The Rutgers president said the state would likely be asked to help pay for the cost of a new contract agreement

💲 He refused to say how much the university would need from taxpayers

💲 A final vote on the contract is expected in the coming days

Substantial pay increases for faculty are a key outcome of an unprecedented week-long strike at Rutgers University and New Jersey taxpayers will more than likely have to pick up part of the tab.

Rutgers President Jonathan Holloway confirmed that the university would probably ask for more funding at a Senate Budget and Appropriations Committee meeting Tuesday. But he said he couldn't say how much the school would need until the final agreement is approved by union members.

"There is always a possibility this will not be ratified. To give you a number now would be premature," Holloway said.

The union said on social media that ratification ballots went out on Thursday. A vote is expected before noon Monday.

Rutgers University President Jonathan Holloway 5/2/23 (NJ Legislature)
Rutgers University President Jonathan Holloway 5/2/23 (NJ Legislature)

Committee Chair Sen. Paul Sarlo, D-Bergen, said that, while he supports collective bargaining, he has concerns.

"I am concerned [about] the precedent and the amount of dollars that are going to be needed from this body in the future to help solve some of these collective bargaining issues."

Rutgers professors and faculty had never gone on strike in the school's 257-year history until last month. Union leaders on Sunday approved the language for a final contract.

"In general we have agreed to across-the-board raises for our full-time and part-time faculty and for our graduate assistants and teaching assistants," Halloway said of the deal. "The agreement also provides an enhanced degree of job security for our lecturers."

Sen. Paul Sarlo at a 5/2/23 budget committee meeting (NJ Legislature)
Sen. Paul Sarlo at a 5/2/23 budget committee meeting (NJ Legislature)

The overall cost of the deal to the university remains unknown. It's also not clear how Rutgers would decide which costs it would ask taxpayers to cover.

In an announcement last month, Holloway revealed that pay for full-time faculty and Educational Opportunity Fund counselors would go up by at least 14% by July 1, 2025. The per-credit salary rate for part-time lecturers is also expected to increase by nearly 44%, according to the tentative agreement.

Salary increases and other changes are also included in the agreement for post-docs, teaching assistants, and graduate assistants.

An update from Holloway on Sunday confirmed that the pay increases would be retroactive to July 1, 2022.

How much your school district gets under Murphy's proposed 2024 budget

Gov. Phil Murphy's porposed 2024 budget includes $1 billion in new spending for school funding including pre-K funding, pension and benefits, and an additional $832 million in K-12 aid, which is listed below by county and district.

Rick Rickman is a reporter for New Jersey 101.5. You can reach him at richard.rickman@townsquaremedia.com

Click here to contact an editor about feedback or a correction for this story.

Top 20 highest average property tax bills in NJ for 2022

Based on the average residential property tax bill for each town in New Jersey in 2022, these are the 20 highest.

The 30 best rated schools in New Jersey

Here are the top 30 schools statewide, based on their 2021-2022 New Jersey School Performance Reports — involving scores for language arts, math and attendance. (For an explanation of how the state calculates the "accountability indicator scores" and overall rating for each school, see page 90 of this reference guide.)

More From Lite 96.9 WFPG