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.
