Senate The Senate proposes to remove the additional funding for a full-time principal in – elementary schools with less than 300 students in fiscal year 2020. This action reduces state payments to school divisions by $7.8 million in fiscal year 2020. House Same as the Senate amendment. – Final General Assembly Action Same as the Senate amendment. – Decrease Literary Fund Transfer for VRS Retirement (Replace with General Funds) Governor - The introduced budget decreases the transfer from the Literary Fund Governor’s to support the share of cost for teacher retirement by $35.0 million, from $181.3 state’s million to $146.3 million, in fiscal year 2019, and by $45.0 million, from $181.3 million to $136.3 million, in fiscal year 2020. This action does not affect division per pupil amounts or projected entitlements for VRS retirement in fiscal year 2019 or fiscal year 2020, but is only a change in the source of funding. Senate Same as the budget. – Governor’s introduced House Same as the budget. – Governor’s introduced Final General Assembly Action Same as the budget. – Governor’s introduced Virginia Preschool Initiative (VPI) Non-participation Rate Governor - In addition to the technical updates to the Virginia Preschool Initiative (VPI) funding formula, the budget also maintains the projected VPI Governor’s introduced rate in fiscal year 2019 and fiscal year 2020 at the same 25.43 percent rate contained in Chapter 836 for fiscal year 2018. As a result, state funding for VPI is reduced by $24.0 million in fiscal year 2019 and $24.0 million in fiscal year 2020 by applying the projected non-participation factor to the total funding. This estimate of non-participation affects the total state appropriation for the program but does not change the division-level allocation of student slots or projected entitlement amounts. Senate Same as the budget. – Governor’s introduced House The House proposes to increase the non-participation rate for VPI to 25.69 percent – for fiscal years 2019 and 2020. This action reduces projected total state costs by $244,885 in fiscal year 2019 and $244,923 in fiscal year 2020, but does not affect calculated VPI slots and funding allocations for school divisions. In the event that actual non-participation is lower than the 25.69 percent estimated in the House amendment, state payments will be made subject to available funds. Final General Assembly Action Same as the House amendment. –
Senate – The Senate proposes to remove the additional funding for a full-time principal in elementary schools with less than 300 students in fiscal year 2020. This action reduces state payments to school divisions by $7.8 million in fiscal year 2020. House – Same as the Senate amendment. Final General Assembly Action – Same as the Senate amendment. Decrease Literary Fund Transfer for VRS Retirement (Replace with General Funds) Governor - The Governor’s introduced budget decreases the transfer from the Literary Fund to support the state’s share of cost for teacher retirement by $35.0 million, from $181.3 million to $146.3 million, in fiscal year 2019, and by $45.0 million, from $181.3 million to $136.3 million, in fiscal year 2020. This action does not affect division per pupil amounts or projected entitlements for VRS retirement in fiscal year 2019 or fiscal year 2020, but is only a change in the source of funding. Senate – Same as the Governor’s introduced budget. House – Same as the Governor’s introduced budget. Final General Assembly Action – Same as the Governor’s introduced budget. Virginia Preschool Initiative (VPI) Non-participation Rate Governor - In addition to the technical updates to the Virginia Preschool Initiative (VPI) funding formula, the Governor’s introduced budget also maintains the projected VPI rate in fiscal year 2019 and fiscal year 2020 at the same 25.43 percent rate contained in Chapter 836 for fiscal year 2018. As a result, state funding for VPI is reduced by $24.0 million in fiscal year 2019 and $24.0 million in fiscal year 2020 by applying the projected non-participation factor to the total funding. This estimate of non-participation affects the total state appropriation for the program but does not change the division-level allocation of student slots or projected entitlement amounts. Senate – Same as the Governor’s introduced budget. House – The House proposes to increase the non-participation rate for VPI to 25.69 percent for fiscal years 2019 and 2020. This action reduces projected total state costs by $244,885 in fiscal year 2019 and $244,923 in fiscal year 2020, but does not affect calculated VPI slots and funding allocations for school divisions. In the event that actual non-participation is lower than the 25.69 percent estimated in the House amendment, state payments will be made subject to available funds. Final General Assembly Action – Same as the House amendment.