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2026 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Garrett
HB 987 - Fund Administrative Impact of Providing Enhanced Service Credit for CTE Teachers

Item 485 #4h

Item 485 #4h

First Year - FY2027 Second Year - FY2028
Independent Agencies
Virginia Retirement System FY2027 $418,000 FY2028 $0 NGF

Language
Page 554, line 46, strike "$72,177,135" and insert "$72,595,135".


Explanation

(This amendment provides $418,000 from the nongeneral fund in fiscal year 2027 to reflect the administrative cost to implement the provisions of House Bill 987 of the 2026 General Assembly Session which provides an enhanced years of service credit for teachers in the career and technical education field. The funding included in this amendment is a preliminary estimate and placeholder until a detailed analysis of the legislation is finalized.)