2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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Adjust Funding from Virginia Health Care Fund

Item 301 #1s

Item 301 #1s

First Year - FY2015 Second Year - FY2016
Health and Human Resources
Medical Assistance Services, Department of FY2015 ($4,756,185) FY2016 ($7,092,342) GF
FY2015 $4,756,185 FY2016 $7,092,342 NGF

Page 246, line 39, strike "371,235,653" and insert "375,991,838".
Page 246, line 40, strike "359,191,638" and insert "366,283,980".

(This amendment replaces $4.8 million the first year and $7.1 million the second year from the general fund with additional revenues from the Virginia Health Care Fund. The introduced budget assumed that tobacco tax revenues that flow into the VHCF would decline by 3 percent each year. However, tobacco tax revenues have remained stable in recent years. Conservatively, these figures estimate that tobacco tax revenues may decline by 1.5 percent year, which still allows for additional revenue growth that can be used to free up general funds that otherwise would be spent on the state share of Medicaid.)