2015 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Lucas
Eliminate Aid to Local Government Reversion Clearing Account

Item 471.30 #2s

Item 471.30 #2s

First Year - FY2015 Second Year - FY2016
Central Appropriations
Central Appropriations FY2015 $0 FY2016 $29,840,738 GF

Page 455, strike line 12 through line 53.
Page 456, strike line 1 through line 7.

(This amendment eliminates the Aid to Local Government Reversion Clearing Account. This item was first approved in the 2008 and subsequent sessions "as a result of the downward adjustment in general fund revenues caused by the slowing of the Virginia economy." The national economy is growing as is the Virginia economy, although at a slower pace. In fact, SB 800 assumes general fund revenue growth rates of 2.8 percent in FY 2015 and 2.6 percent in FY 2016. The rationale for continuing this reduction of state payments for the administration and management by cities and counties of state mandated and state high-priority programs is no longer justified.)