VCOA - Proposed New Grants

Item 241 #1h

Language
Page 253, line 3, strike "$4,130,912" and insert "$3,880,912".

Explanation

(This amendment removes funding proposed in House Bill 1700 as introduced for proposed increases to arts grants. 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.)