Tuesday, December 17, 2019

Biennial Budget Presented to Joint Money Committees


This morning, Governor Northam presented his proposed 2020-2021 biennial budget to the Joint Money Committees.  The K-12 portion of the Governor's proposal biennial budget includes $145 million for the state share of a 3% pay raise for teachers and support staff, effective July 1, 2021.  It also includes $99.3 million to further reduce the ratio of counselor to student ratio to 1:250.  The Governor’s proposed budget also allocates $808.5 million for rebenchmarking. 

The Governor has also proposed shifting lottery funds to the At-Risk Add On and establishing a new tax on electronic games of skill.  The revenue from this new tax, estimated at nearly $125 million over the biennium, will be used to establish a new per pupil allocation.
 
For more information, you can access the Governor’s Press Release here.

The presentation given by the Secretary of Finance can be accessed here.

The presentation provided by Dan Timberlake, Director of the Department of Budget and Finance can beaccessed here.

Be sure to check back often for more updates as we delve deeper into the proposed budget.