Commonwealth Savers Plan [174]
Secretarial Area: Independent Agencies
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly $0 $280,517,037 $280,517,037
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $0 $280,120,929 $280,120,929
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $0 $285,933,169 $285,933,169
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $0 $287,084,735 $287,084,735
2021-2024 2022 Chapter1, 2024 Acts of Assembly $0 $292,585,338 $292,585,338
2021-2024 2023 Chapter1, 2024 Acts of Assembly $0 $294,270,249 $294,270,249
2024-2026 2025 Chapter 725, 2025 Acts of Assembly $0 $300,155,596 $300,155,596
2024-2026 2025 Previous Legislative Appropriation $0 $300,155,596 $300,155,596
2024-2026 2025 Governor's Amendments $0 $0 $0
2024-2026 2025 General Assembly Adjustments $0 $0 $0
2024-2026 2026 Chapter 725, 2025 Acts of Assembly $0 $301,170,641 $301,170,641
2024-2026 2026 Previous Legislative Appropriation $0 $301,170,641 $301,170,641
2024-2026 2026 Governor's Amendments $0 $0 $0
2024-2026 2026 General Assembly Adjustments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 0.00 115.00 115.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 0.00 115.00 115.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 125.00 125.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 125.00 125.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 0.00 150.00 150.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 150.00 150.00
2024-2026 2025 Chapter 725, 2025 Acts of Assembly 0.00 150.00 150.00
2024-2026 2025 Previous Legislative Appropriation 0.00 150.00 150.00
2024-2026 2025 Governor's Amendments 0.00 0.00 0.00
2024-2026 2025 General Assembly Adjustments 0.00 0.00 0.00
2024-2026 2026 Chapter 725, 2025 Acts of Assembly 0.00 150.00 150.00
2024-2026 2026 Previous Legislative Appropriation 0.00 150.00 150.00
2024-2026 2026 Governor's Amendments 0.00 0.00 0.00
2024-2026 2026 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
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Use Commonwealth Savers Plan excess funding for Virginia Military Survivors and Dependents Program Decision Package
  Directs the transfer of a portion of the actuarial surplus from Defined Benefit 529 programs to the State Council of Higher Education for Virginia's Virginia Military Survivors and Dependents financial aid program.
•
Adjust NGF revenue estimates for VMSDEP actions General Assembly Adjustment
  Reflects the change in NGF revenue estimates resulting from General Assembly actions to Virginia Tuition Assistance Grant amounts. (130#1c)
•
Amend Language (482 #1c) General Assembly Adjustment
  This amendment removes language proposed in the introduced budget to transfer $60,000,000 each year from actuarial surplus amounts of Defined Benefit 529 Programs to the State Council of Higher Education for Virginia for the Virginia Military Survivors and Dependents Education Program.
•
CSP: Appropriation Authority (483 #1c) General Assembly Adjustment
  This amendment limits the appropriation for the Commonwealth Savers Plan to its legislative appropriation except for routine operational adjustments.


p3_bullets - Official Enacted Budget - 06-20-2025 21:28:13