2024 Session

Budget Amendments - HB30 (Conference Report)

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Direct Aid - Adjust Group Life Insurance

Item 125 #14c

Item 125 #14c

First Year - FY2025 Second Year - FY2026
Education: Elementary and Secondary
Direct Aid to Public Education FY2025 ($2,988,602) FY2026 ($3,135,037) GF

Page 143, line 52, strike "$10,290,021,574" and insert "$10,287,032,972".
Page 143, line 52, strike "$10,073,997,964" and insert "$10,070,862,927".


(This amendment adjusts the group life insurance rate from 1.34% to the 1.18% actuarial rate approved by the VRS Board, resulting in general fund savings of $3.0 million the first year and $3.1 million the second year.)