Monday, December 17, 2012

Governor's Budget Amendments



Governor Bob McDonnell on Monday unveiled his proposed amendments to the 2012- 2014 budget to the General Assembly’s Money Committees.
Governor McDonnell says the amendments include more support for instructional spending on public education, including $58.8 million to fund the state portion of a two percent pay increase for teachers and other instructional school personnel.
The amendments also redirect just over $48 million of general fund sales tax revenue to transportation.
The budget amendments also include nearly $17 million dollars for the Water Quality Improvement Fund. Another $200 million was set aside for water quality bond projects including $59 million for combined sewer overflow projects in Richmond and Lynchburg.