The Austin Community College District Board of Trustees unanimously approved the new Fiscal Year 2023 budget on Monday. The $467 million budget is balanced, and it funds new facilities like the Rio Grande Campus main building and Highland Campus Building 3000. It also includes a compensation package of approximately $20.8 million.
The compensation package is the college’s largest to date. It is roughly double the compensation package in ACC’s current budget.
The package provides all employees a raise with the lowest paid employees receiving the largest percentage increase.
The compensation structure is as follows:
| Current Compensation | Average Wage Increase |
| Minimum Wage | 28% Increase
(From $15.60/hour to $20/hour) |
| Under $50,000/year | 10+% Increase |
| $50,000 – $99,999/year | 10-5% Increase |
| $100,000-$199,999+/year | 5% Increase |
| $200,000+/year | 3.7%-4.4% Increase ($10,000 cap) |
All full-time employees also will receive an additional one-time payment to help provide immediate financial support. Part-time staff will receive a pro-rated one-time payment. The structure is as follows:
| Compensation as of Sept. 1 | Additional One-Time Payment |
| Under $50,000/year | $1,000 |
| $50,000 – $74,999/year | $900 |
| $75,000 – $99,999/year | $800 |
| $100,000 – $124,999/year | $600 |
| $125,000 – $149,999/year | $500 |
| $150,000+/year | None |
Adjunct faculty and hourly employees also will receive an additional one-time payment to help provide immediate financial support. The structure is as follows:
| Employee Group | Additional One-Time Payment |
| Adjunct Teaching 3+ Courses/Semester | $1,200 |
| Adjunct Teaching 2 or Fewer Courses/Semester | $500 |
| Hourly Employees
(At ACC 6+ months) |
$250 |
The new budget cycle begins September 1. More details are expected to be released this week.
