For the term of office beginning on January 21, 2015, the annual salaries of the Governor and Lieutenant Governor are: Governor: for the first year, $165,000; for the second year, $170,000; for the third year, $175,000; and for the fourth year, $180,000; and Lieutenant Governor: for the first year, $137,500; for the second year, $141,500; for the third year, $145,500; and for the fourth year, $149,500.