The Virginia General Assembly convened in Special Session today to address revisions to the 2022-2024 Biennium Budget (HB 6001/SB 6001). Key provisions of the 2022-2024 Biennium Budget revisions pertaining to K-12 education are:
- Increases state support for public education funding by $645.3 million.
- Provides $418.3 million General Fund (GF) in flexible one-time payments available for use through Fiscal Year (FY) 2026.
- Provides $54.6 million GF for the state share of a 2% salary increase for SOQ funded positions, effective January 1, 2024.
- Includes $152.3 million GF to fund additional support positions and amends ratio from 21 positions per 1,000 ADM to 24 positions per 1,000 ADM.
- Establishes legislative workgroup to review and prioritize JLARC recommendations and develop long-range implementation plan due to the General Assembly by November 1, 2024.
- Provides $20 million ($12.0 million GF & $8.0 million ARPASLFRF) for targeted flexible grants to support school security.
- Provides $6.7 million Non-General Fund (NGF) (ESSER) to support expansion of the Virginia Literacy Act to include grades 4-8.
To review FY 2024 K-12 School Division Distribution Tables, click here.
To review the budget presentation provided by House Appropriations staff, click here.
To review the budget presentation provided by Senate Finance and Appropriations staff, click here.
VSBA encourages you to consult your division administration and finance staff as to how the revisions to the biennial budget will impact your local operating budgets.
