2013 Session

Budget Amendments - HB1500 (Committee Approved)

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Add Revenue Contingency to Salary Incentive Increase (language only)

Item 139 #7h

Item 139 #7h

Education: Elementary and Secondary
Direct Aid To Public Education

Page 143, after line 37, insert:
"e. The Governor is hereby authorized to allocate a sum of up to $62,596,110 from this appropriation to the extent necessary to offset any downward revisions of the general fund revenue estimate prepared for fiscal years 2013 and 2014 after the enactment by the General Assembly of the 2012 Appropriation Act.  If the general fund revenue estimates prepared subsequent to the 2012 General Assembly Session do not result in downward revisions and, if within five days of the preliminary close of the fiscal year ending on June 30, 2013, the Comptroller's analysis does not determine that a revenue re-forecast is required pursuant to § 2.2-1503.3, Code of Virginia, then such appropriation shall be used in the manner stated in paragraphs C.36.a.1) and 2), C.36.b.1) and 2), C.36.c., and C.36.d.1) and 2) and 3) above."

(This amendment adds a revenue contingency to the funding proposed for a 2.0 percent salary incentive increase for instructional and support staff similar to the contingency already in place for the 2.0 percent salary increase for state employees in fiscal year 2014.)