2012 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Blevins
Restore Inflation Update for Non-Personal Support Costs

Item 139 #1s

Item 139 #1s

First Year - FY2013 Second Year - FY2014
Education: Elementary and Secondary
Direct Aid To Public Education FY2013 $54,428,805 FY2014 $54,616,505 GF

Page 97, line 15, strike "$5,706,719,879" and insert "$5,761,148,684".
Page 97, line 15, strike "$5,754,856,472" and insert "$5,809,472,977".
Page 101, after line 32, insert:
"14.  The Department of Education is instructed to use the inflation factors included as part of the 2012-14 technical re-benchmarking budget as presented to the Board of Education in July 2011 in the calculation of non-personal support costs."

(This amendment restores funding to update the FY 2010 base year non-personal costs up to the beginning of FY 2013, reflecting an average rate of 3.96 percent over two years. Non-personal items like health insurance, utilities, and transportation costs have experienced inflation over the last two years and that is likely to continue. Health insurance premiums alone rose 3 percent in 2011 and 9 percent in 2012. Electricity provided by Dominion to local government entities increased 9 percent from FY 2011 to FY 2012. Without the updates for inflation, the state would be basing its funding on FY 2010 price levels, but school divisions will be paying for these items based on current day costs.)