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2024 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Ward
HB 1: Increasing Virignia's Minimum Wage

Item 471 #5h

Item 471 #5h

First Year - FY2025 Second Year - FY2026
Central Appropriations
Central Appropriations FY2025 $25,000,000 FY2026 $25,000,000 GF

Language
Page 519, line 54, strike "$186,800,000" and insert "$211,800,000".
Page 519, line 54, strike "$1,300,000" and insert "$26,300,000".

Page 523. after line 14, insert:

"O. Out of this appropriation, $25,000,000 the first year and $25,000,0000 the second year from the general fund is provided to effectuate the provisions of House Bill 1 of the 2024 General Assembly."



Explanation

(This amendment provides $25.0 million in each year to raise the minimum wage in Virginia to $13.50 per hour effective January 1, 2025, and to $15.00 per hour effective January 1, 2026. The provisions of this bill will impact state employees, state-supported local personnel, and health care providers compensated through the state's Medicaid program. The Department of Labor and Industry and Department of Taxation may incur costs to enforce and administer the provisions of the bill. This is a placeholder amendment until a final fiscal impact is produced.)