2024 Session

Budget Amendments - SB30 (Floor Approved)

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Direct Aid - Restore VPI Amounts

Item 125 #8s

Item 125 #8s

First Year - FY2025 Second Year - FY2026
Education: Elementary and Secondary
Direct Aid to Public Education FY2025 $42,941,429 FY2026 $43,745,056 GF

Page 143, line 52, strike "$10,290,021,574" and insert "$10,332,963,003".
Page 143, line 52, strike "$10,073,997,964" and insert "$10,117,743,020".

Page 167, strike lines 52-56.

Page 168, strike lines 1-3.

Page 168, at the end of line 27, insert:

"In determining the state and local shares of funding, the composite index of local ability-to-pay is capped at 0.5000."

Page 171, strike 47-50.

Page 171, at the end of line 43, insert:

"Additionally, within the fiscal year, any funds appropriated for Virginia Preschool Initiative Payments that are not awarded may be used as flexible funding to supplement any of the other initiatives provided in paragraph C.14 of this Item. The Department of Education shall prioritize serving at-risk four-year-old children when executing the flexibility provisions in this paragraph."


(This amendment provides $42.9 million GF the first year and $43.7 million GF the second year to restore the cap placed on VPI for localities above the 0.5000 local composite index, it restores VPI expansion funding and the 20 percent nonparticipation rate, and maintains the unused portion of funds to support activities related to Direct Aid.)