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2026 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Favola
SCHEV - Tuition Assistance Grant Increase

Item 131 #2s

Item 131 #2s

First Year - FY2027 Second Year - FY2028
Education: Higher Education
State Council of Higher Education for Virginia FY2027 $11,500,000 FY2028 $14,500,000 GF

Language
Page 196, line 46, strike "$373,888,512" and insert "$385,388,512".
Page 196, line 46, strike "$376,358,512" and insert "$390,858,512".

Page 197, line 13, strike "$112,325,881" and insert "$123,825,881".

Page 197, line 13, strike "$112,325,881" and insert "$126,825,881".

Page 197, line 37, strike "$5,250" and insert "$5,350".

Page 197, line 38, strike "5,250" and insert "$5,500".



Explanation

(This amendment provides $11.5 million GF the first year and $14.5 million GF the second year to increase the maximum Tuition Assistance Grant (TAG) award to $5,350 in FY 2027 and $5,500 in FY 2028 to account for erosion in the program's purchasing power, federal policy changes in the H.R. 1 Reconciliation Act, and inflation.)