2024 Session

Budget Amendments - HB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Rasoul
HB 624 - Equity in Public School Funding

Item 125 #7h

Item 125 #7h

First Year - FY2025 Second Year - FY2026
Direct Aid to Public Education FY2025 $924,100,000 FY2026 $936,300,000 GF

Page 143, line 52, strike "$10,290,021,574" and insert "$11,214,121,574".
Page 143, line 52, strike "$10,073,997,964" and insert "$11,010,297,964".

Page 184, after line 18, insert:

"D. Adjustments to implement House Bill 624

Notwithstanding the foregoing provisions in Sections A through C, appropriations in this item shall be further adjusted as follows to implement House Bill 624:                  


FY 2025

FY 2026

1. Technical adjustments to the SOQ and compensation supplement calculations to: (i) include all division central office positions in the SOQ formula, (ii) apply the cost of competing adjustment to facility and transportation staff salaries in the SOQ formula, (iii) remove the cap on adjustments to non-personal cost assumptions in the benchmarking process in the SOQ formula, and (iv) account for the cost of facilities staff salaries in compensation supplement calculations. (JLARC Recommendation 1)



2. Change the local composite index to a three-year average of the most recently available data, in lieu of a single year of data every other year. (JLARC Recommendation 7)



3. (i) Use Identified Student Percentage measure to calculate funding for all at-risk programs that use free lunch estimates; (ii) consolidate the Prevention, Intervention, Remediation SOQ program and At Risk Add On Program, and (iii) distribute 60 percent of funding from the consolidated program to divisions using a flat per student rate and distribute 40 percent using a variable rate based on the concentration of poverty in each school division. (JLARC Recommendations 9 and 10)



4. Replace the current SOQ formula calculations for special education and English as a Second Language, including any associated calculations for benefits and payroll taxes under other SOQ accounts, with student-based funding calculations that are based on actual average school division expenditures. (JLARC Policy Option 5)



Total Adjustments




(This amendment provides $924.1 million the first year and $936.3 million the second year from the general fund to implement the provisions of House Bill 624, which addresses several areas of JLARC's 2023 report, "Virginia's K-12 Funding Formula." The amounts provided in this amendment are derived from JLARC's fiscal year 2023 estimated impacts, increased by 13.7 percent for fiscal year 2025 and 15.2 percent for fiscal year 2026, the rate of increase for recurring school division distributions between fiscal year 2023 (Chapter 2) and House Bill 30.)