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2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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Achievable Dream

Item 135 #8s

Item 135 #8s

First Year - FY2015 Second Year - FY2016
Education: Elementary and Secondary
Direct Aid To Public Education FY2015 $1,000,000 FY2016 $1,000,000 GF

Language
Page 104, line 45, strike "$13,103,349" and insert "$14,103,349".
Page 104, line 45, strike "$13,103,349" and insert "$14,103,349".
Page 107, after line 49, insert:
"T. Out of this appropriation, $1,000,000 each year from the general fund is provided for the Achievable Dream partnership with Newport News Public Schools.  This funding is in lieu of Neighborhood Assistance Program Tax Credits for An Achievable Dream Middle and High School, Inc.".


Explanation
(This amendment provides general fund assistance for the Achievable Dream program operated in partnership with Newport News Public Schools instead of state assistance currently being provided via tax credits for donations. "An Achievable Dream Inc." would still be eligible, but "An Achievable Dream Middle and High School, Inc." would not. Should the budget ever discontinue the direct appropriation, eligibility for the tax credits would resume at least at the previous level.)