Highlights of Revised State Budget
February 23, 2013
RICHMOND, Va. (AP) - Highlights of revisions to the state's two-year, $88 billion budget approved Saturday by the 2013 General Assembly:
- Creation of a 12-member commission to oversee Medicaid reforms and possible expansion.
- $70 million to fund the state's share of a 2 percent salary increase for teachers and support personnel.
- $40 million for a 2 percent raise for state employees and a 3 percent raise for university faculty and state-supported local employees.
- $49 million to transfer an additional .05 percent of the sales tax to transportation.
- $7.7 million to provide services for 200 additional intellectually disabled and 50 additional developmentally disabled Virginians currently on waiting lists.
- $3.4 million to add 1,700 slots for in-state students at the College of William and Mary, the University of Virginia, Virginia Tech and James Madison University.
- $45 million in addition to the $50 million in the introduced budget for the state's so-called "rainy day fund."
- $30 million for public school security enhancements.
- $1.3 million for additional school resource officers.
- $150,000 for first-year startup costs for the Opportunity Educational Institution, which will take over chronically failing schools.
- $8.6 million for in-state undergraduate financial aid, along with $3 million to increase Tuition Assistance Grants from $2,000 to $3,100.
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