2001 Session

Budget Amendments - HB1600 (Committee Approved)

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VRS Rate Change - Basic Aid

Item 143 #13h

Item 143 #13h

First Year - FY2001 Second Year - FY2002
Education: Elementary and Secondary
Direct Aid To Public Education FY2001 ($8,514,359) FY2002 ($815,736) GF

Page 134, line 31, strike "$2,502,116,863" and insert "$2,493,602,504".
Page 134, line 31, strike "$2,553,495,681" and insert "$2,552,679,945".

(This amendment captures the state share of savings from a reduction in Virginia Retirement System rates, primarily for support positions required by the Standards of Quality. For both years, the rate for support positions changed from the 4.83 percent in the introduced budget to 4.38 percent.)