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2019 Session

Budget Amendments - HB1700 (Floor Approved)

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UVA Wise - Eliminate New Program Planning

Item 200 #2h

Item 200 #2h

First Year - FY2019 Second Year - FY2020
Education: Higher Education
University of Virginia's College at Wise FY2019 $0 FY2020 ($600,000) GF

Language
Page 224, line 32, strike "$31,925,486" and insert "$31,325,486".


Explanation

(This amendment removes funding proposed in House Bill 1700 as introduced for new program planning funds. The Committee budget funding levels were limited to the additional dollars available pursuant to the economic reforecast presented in December, identified programmatic savings, and revenues generated by legislation expanding the collection of sales tax attributable to internet sales. All revenues attributable to the Tax Cuts and Jobs Act (TCJA) are captured in the Taxpayer Relief Fund and the Revenue Reserve Fund in Item 475.10. This required removing approximately $1.2 billion in spending compared to House Bill 1700 as introduced.)