Fordham College at Lincoln Center’s (FCLC) Faculty Senate has reached an agreement with the university administration over salary raises for the 2012-2013 academic year after months of debate. The across-the-board raises of 3.25 percent in faculty salaries, along with a merit raise of $800 per year for half of tenured faculty and a one-time bonus of $400, were announced in the Nov. 9 Senate meeting, according to the meeting’s published minutes.

Also approved at the meeting was a motion arguing against the Fordham administration’s allocation of money from unexpectedly high revenues to fund campus facility reserves dedicated to funding the on-going building projects at the Lincoln Center and Rose Hill campuses. As argued in the Senate’s minutes, “it is irresponsible and harmful to the university to allocate tuition-generated surpluses now and for the foreseeable future to supplement capital reserve funds.”