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2023 Session

Budget Amendments - SB800 (Committee Approved)

Maintain Affordable Access - Operational Support

Item 255.5 #1s

Item 255.5 #1s

First Year - FY2023 Second Year - FY2024
Education: Higher Education
Maintain Affordable Access FY2023 $0 FY2024 $149,810,000 GF

Language

"A. Out of this appropriation, $149,810,000 the second year from the general fund is provided to support operations at public colleges and universities. Funds are intended to support the growing need for student support services; address increased costs resulting from inflation; refine or create programs that meet current and future workforce needs; and minimize the need to raise tuition and fees. Funds shall be ongoing and shall be incorporated into the institutions' base budget for the next biennium. The Department of Planning and Budget shall transfer the allocations to the appropriate education and general programs account as follows:


Institution

Amount

Christopher Newport University

   $2,070,000

George Mason University

$20,090,000

James Madison University  

   $9,970,000

Longwood University

   $2,830,000

Norfolk State University

   $2,230,000

Old Dominion University

$16,210,000

Radford University

   $3,800,000

University of Mary Washington

   $1,420,000

University of Virginia

   $11,340,000

University of Virginia's College at Wise

       $770,000

Virginia Commonwealth University

$20,450,000

Virginia Military Institute

   $1,010,000

Virginia State University

   $2,050,000

Virginia Polytechnic Institute & State University

$22,630,000

College of William and Mary

   $2,890,000

Richard Bland College  

       $350,000

Virginia Community College System

$29,700,000

Total

$149,810,000


Page 293, after line 28, insert:
"255.5 Maintain Affordable Access$0$149,810,000
Fund Sources:  General $0 $149,810,000 "


Explanation

(This amendment provides additional operational support to reach the state's goal of supporting the costs of higher education and to minimize the impact of tuition and fee increases.)