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2013 Session

Budget Amendments - HB1500 (Member Request)

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Chief Patron: Governor McDonnell
Revise Revenue for Transportation (language only)

Item 0 #1g

Item 0 #1g

Revenues
Revenues

Language
Page 1, line 47, delete "$17,037,085,606" and "$33,453,537,854" and insert:
"$17,036,185,606" and "$33,452,637,854".
Page 1, line 51, delete "$17,465,926,336" and "$35,068,857,241" and insert:
"$17,465,026,336" and "$35,067,957,241".
Page 2, line 17, delete " $42,882,294,170" and "$90,919,211,083" and insert: "$42,881,394,170" and "$90,918,311,901".


Explanation
(This amendment revises the assumption in regards to the amounts for general fund revenue for transportation. The introduced budget assumed that a total of $48.1 million in sales tax revenue would be used for transportation; however, revised calculations since the introduction of the budget bill indicate that the correct amount should be $49 million. This translates to a reduction in general fund revenues of $900,000. A companion amendment increases transportation revenues to account for this adjustment.)