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2004 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Governor Warner
Fund increased VRS rates for sheriffs

Item 64 #1g

Item 64 #1g

First Year - FY2005 Second Year - FY2006
Administration
Compensation Board FY2005 $4,637,336 FY2006 $0 GF

Language
Page 40, line 25, strike "$326,631,328" and insert "$331,268,664".


Explanation
(This amendment adds $4,637,336 general fund support the first year to address increases in local retirement rates for sheriffs. These higher rates were certified by the Virginia Retirement System after the Governor's budget was completed. Items 63, 65, 66, 69 and 70 include companion amendments related to these increased rates.)