Virginia Ordinance Adopting the Budget
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How to fill out Ordinance Adopting The Budget?
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FAQ
Virginia operates under a two-year (biennial) budget cycle. Each year the Governor prepares the proposed budget bill for introduction by the General Assembly. The bill is initially adopted in even-numbered years and amended in odd-numbered years.
This involves identification of sector priorities, preparation and consolidation of the budget estimates by the County Executive. This involves debating, amending the budget estimates by the County Assembly. The government raises revenues and allocates it to the spending units.
On September 14, Virginia Governor Glenn Youngkin signed adjustments to the fiscal 2024 budget into law. After adjustments, total operating expenses are $83.8 billion, an increase of 5.7 percent over the original fiscal 2024 budget.
Once the budget is enrolled and submitted to the Governor, he may approve the budget, as amended by the bodies, or he can submit a final round of amendments (often they are referred to as recommendations). The House and Senate will approve or reject those final Governor's amendments.
The total 2024 request for VA is $325.1 billion (discretionary, including collections, and mandatory), a $16.6 billion (+5.4%) increase above the 2023 enacted level.
The deal includes $645 million in additional state funding for public education. Of that, almost $55 million will go toward the state's share of an additional 2% salary increase for public school teachers expected to go into effect Jan. 1.
RICHMOND, VA ? Governor Glenn Youngkin today signed the Virginia State Budget, delivering on promises made to all Virginians to lower the cost of living by providing an additional billion dollars in tax relief, restoring excellence in education by empowering parents and investing in our students and supporting law ...
On December 15, 2022, Governor Glenn Youngkin introduced his amendments to the biennial budget. As amended, the governor proposed a total operating budget of $83.4 billion in fiscal 2023 and $84.1 billion in fiscal 2024, while general fund spending totals $29.9 billion in fiscal 2023 and $30.5 billion in fiscal 2024.