Thursday, April 19, 2012

We Have a Budget!

The special session of the General Assembly convened Tuesday for the purpose of adopting a budget, work left undone by the regular session. But, it was not until today that a budget for the next biennium was finally adopted. Prior to yesterday's session both the House Appropriations Committee and Senate Finance Committees met to brief members of their respective chambers on the budget conference report.

The Governor's introduced budget increased direct aid for public education by $438.2 million - $342 million of this $438.2 million went to VRS. The conference report provides an additional $214.7 million in direct aid. In total, this budget provides $652.9 million more direct aid for public education than did the last biennial budget.

Click here to see the House briefing (Public Education begins on slide 7).
Click here to see the Senate briefing (Public Education begins on slide 8).
Click here to see Direct Aid for 2012-2013 by division.
Click here to see Direct Aid for 2013-2014 by division.

In addition to modest increases on direct aid, VEA's effort to prevent the diversion of sales tax revenue to transportation was successful.

Although the budget bill passed today, the special session in which this budget was adopted will not be over until the Governor offers his amendments and the reconvened or veto session for the special session has adjourned.

A detailed report of the budget will be provided following the reconvened session of the special session.

Robley Jones
VEA GR&R

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