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2022 Session

Budget Amendments - SB30 (Committee Approved)

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LOV - State Aid to Local Public Libraries

Item 240 #1s

Item 240 #1s

First Year - FY2023 Second Year - FY2024
Education
The Library Of Virginia FY2023 $2,500,000 FY2024 $2,500,000 GF

Language
Page 252, line 38, strike "$18,583,584" and insert "$21,083,584".
Page 252, line 38, strike "$18,233,584" and insert "$20,733,584".

Page 253, after line 5, insert:

"E. It is the objective of the Commonwealth to fully fund the state formula for state aid to local libraries. The additional appropriations in the first and second years begin a four-year phase-in of full funding. It is the objective of the General Assembly to complete the phase-in in fiscal year 2026."



Explanation

(This amendment provides $2.5 million GF each year in additional state aid to local public libraries as the initial two installments of a four-year plan to fully fund the state library aid formula. The amendment also establishes an objective of the Commonwealth to complete the phase-in of full funding in fiscal year 2026. Current appropriations represent about 65 percent of, or about $9.6 million below, the amount required by the statutory formula.)