2014 Session

Budget Amendments - HB30 (Floor Approved)

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Adjust Revenues to Virginia Health Care Fund

Item 301 #1h

Item 301 #1h

First Year - FY2015 Second Year - FY2016
Health and Human Resources
Medical Assistance Services, Department of FY2015 ($311,066) FY2016 ($5,137,349) GF
FY2015 $311,066 FY2016 $5,137,349 NGF

Page 246, line 39, strike "$371,235,653" and insert "$371,546,719".
Page 246, line 40, strike "$359,191,638" and insert "$364,328,987".

(This amendment reduces the general fund appropriation for Medicaid by $311,066 the first year and $5.1 million the second year and increases a like amount of nongeneral funds each year, reflecting increased revenues to the Virginia Health Care Fund (VHCF). Because revenues to the fund have historically been used as the state share of Medicaid, additional revenue results in an equal amount of general fund savings. Current estimates of Virginia's share of the tobacco Master Settlement Agreement and cigarette tax collections indicate that Virginia will receive slightly more revenue than was assumed in the introduced budget. This additional revenue, which is deposited into the Virginia Health Care Fund, allows for a reduction in general fund appropriations for the state's share of Medicaid funding.)