At their May Delegate Assembly, delegates adopted a budget for the fiscal year which begins on July 1, 2012. The budget was developed by Comptroller Tony Scott and the Finance Committee, chaired by Sue Montez.
As part of the budget, delegates approved two five-pay period dues holidays, which means that no dues will be deducted from paychecks for 10 weeks in both the fall and spring semesters. The dues holidays are estimated to cost the union about $650,000 in dues income.
Over the past few years, thanks to prudent financial management, the union's reserves have grown to $1.6 million. The Finance Committee and the Delegate Assembly approved the dues holidays because they believe that this financial cushion is too large and want to bring our reserves to a more reasonable level.