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2016 Session

Budget Amendments - HB30 (Conference Report)

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Reinstate Literary Funds for VRS

Item 139 #4c

Item 139 #4c

First Year - FY2017 Second Year - FY2018
Education: Elementary and Secondary
Direct Aid to Public Education FY2017 $0 FY2018 ($20,000,000) GF
FY2017 $0 FY2018 $20,000,000 NGF

Language

Page 122, line 6, strike "$135,223,825" and insert "$155,223,825".



Explanation

(This amendment allocates $20.0 million the second year from available balances in the Literary Fund to pay for a portion of the teacher retirement costs. The freed up general funds will be used in support of providing school divisions with revenues allocated on a per pupil basis through the Lottery Proceed Fund.)