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WSU President Schulz takes voluntary 10% pay cut

By Chad Sokol, The Spokesman-Review, Spokane
Published: June 30, 2020, 6:19pm

SPOKANE — Washington State University President Kirk Schulz has taken a voluntary 10 percent pay cut for one year and turned down a $50,000 retention bonus as the university works to regain its financial footing during the pandemic.

Schulz took the helm of WSU in 2016 and the board of regents approved his five-year contract extension on Friday. His salary will remain set at $625,000, minus 10 percent for the year ending June 30, 2021.

“Everyone within the university will have to share in the pain of the difficult financial situation brought on by COVID-19, but President Schulz has led the way with his voluntary reduction in salary and other contractual benefits,” Brett Blankenship, who chairs the board of regents, said in a statement.

Schulz also gave up access to vehicles provided by WSU and a university-owned condominium in Seattle that was purchased under a previous administration for overnight business trips to Puget Sound. WSU plans to sell the condo and channel the money into its operating budget.

The regents on Friday also approved a 2.5 percent tuition increase for students in the 2020-21 academic year. For resident undergraduates, that will add about $249 to the annual cost of tuition.

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