In alignment with the recent 25% budget reductions across multiple categories, the GMC will be reducing its target member hours from 15 to 11.25.
Administrative Reductions & Amendment Outcome
Given the strength of the treasury at current RPL values, the committee approved a 25% reduction across administrative budgets, effective April (to avoid mid-period adjustments).
Reductions:
- GMC Administrator: $3,500.00 → $2,625.00 (−$875.00)
- GMC: $3,150.00 → $2,362.50 (−$787.50)*
- IMC (subject to IMC approval): $2,730.00 → $2,047.50 (−$682.50)*
- STAR: $1,000.00 → $750.00 (−$250.00)
- Support (previously approved): $3,333.00 → $2,500.00 (−$833.00)
- Total Savings: $3,428.00 per month
*Final figures may vary slightly depending on implementation of target hours.
An amendment was also approved to initiate a future vote to reimburse the USD-denominated difference if RPL reaches $5.00. (Upon reaching the price target ($5), the sitting committee at that time will initiate a vote to determine whether to reimburse the funding difference incurred during the reduction period in the USD-denominated value.)
(Round 33 (January 7 - February 7) Grants / Bounties Retrospective Awards Results)
Any Target Hours change is subject to pDAO challenge, and SHALL NOT be acted upon until 1 calendar month has passed after the decision has been announced.
(RPIP-41: Committee Stipends)