2004 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Governor Warner
Fund increased VRS rates for local treasurers and finance directors

Item 69 #1g

Item 69 #1g

First Year - FY2005 Second Year - FY2006
Compensation Board FY2005 $293,991 FY2006 $0 GF

Page 51, line 43, strike "$21,801,282" and insert "$22,095,273".

(This amendment adds $293,991 general fund support the first year to address increases in local retirement rates for local treasurers and finance directors. These higher rates were certified by the Virginia Retirement System after the Governor's budget was completed. Items 63, 64, 65, 66 and 70 include companion amendments related to these increased rates.)