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2025 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Boysko
SCHEV - TAG Increase to $6,000

Item 130 #2s

Item 130 #2s

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $0 FY2026 $25,000,000 GF

Language
Page 212, line 29, strike "$320,288,512" and insert "$345,288,512".

Page 212, line 44, strike the second instance of "102,325,881" and insert "127,325,881".

Page 213, line 21, strike "$5,250" and insert "$6,000".

Page 214, line 15, strike "$2,625" and insert "$3,000".



Explanation

(This amendment provides an additional $25.0 million GF the second year to support the Tuition Assistance Grant (TAG) program. The amount includes $10.0 million to support the amount needed to provide awards at the levels included in the current budget due to higher than expected enrollment growth and $15.0 million to increase the award amount in the second year from $5,250 to $6,000 for undergraduate students and from $2,625 the second year to $3,000 for students enrolled exclusively in online education or distance learning programs.)