New College Institute [938]
Secretarial Area: Education
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 $2,589,059 $1,544,736 $4,133,795
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $2,589,059 $1,544,736 $4,133,795
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $2,692,553 $1,545,145 $4,237,698
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $2,868,555 $1,545,145 $4,413,700
2022-2024 2023 Chapter1, 2024 Acts of Assembly $3,949,405 $1,553,122 $5,502,527
2022-2024 2024 Chapter1, 2024 Acts of Assembly $2,949,405 $1,553,122 $4,502,527
2024-2026 2025 Chapter 2, 2024 Acts of Assembly, Special Session 1 $3,101,809 $1,585,041 $4,686,850
2024-2026 2025 Base Budget $2,949,405 $1,553,122 $4,502,527
2024-2026 2025 Governor's Amendments $152,404 $31,919 $184,323
2024-2026 2025 General Assembly Adjustments $0 $0 $0
2024-2026 2026 Chapter 2, 2024 Acts of Assembly, Special Session 1 $3,101,809 $1,585,041 $4,686,850
2024-2026 2026 Base Budget $2,949,405 $1,553,122 $4,502,527
2024-2026 2026 Governor's Amendments ($2,949,405) ($1,553,122) ($4,502,527)
2024-2026 2026 General Assembly Adjustments $3,101,809 $1,585,041 $4,686,850
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 17.00 6.00 23.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 17.00 6.00 23.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 18.00 6.00 24.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 18.00 6.00 24.00
2022-2024 2023 Chapter1, 2024 Acts of Assembly 21.00 6.00 27.00
2022-2024 2024 Chapter1, 2024 Acts of Assembly 23.00 6.00 29.00
2024-2026 2025 Chapter 2, 2024 Acts of Assembly, Special Session 1 23.00 6.00 29.00
2024-2026 2025 Base Budget 23.00 6.00 29.00
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 2, 2024 Acts of Assembly, Special Session 1 23.00 6.00 29.00
2024-2026 2026 Base Budget 23.00 6.00 29.00
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)
•
Adjust appropriation for centrally funded five percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for state employees budgeted in Central Appropriations, Item 483 S. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $103,004 $103,004
Nongeneral Fund $28,443 $28,443
•
Adjust appropriation for centrally funded changes to agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 484 C. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $9,619 $9,619
•
Adjust appropriation for centrally funded changes to state health insurance premiums Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 483 G. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $6,605 $6,605
Nongeneral Fund $1,284 $1,284
•
Adjust appropriation for centrally funded property insurance premium charges Base Budget Adjustment
  Adjusts appropriation for property insurance premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 484 J. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $4,251 $4,251
•
Adjust appropriation for centrally funded minimum wage increases Base Budget Adjustment
  Adjusts appropriation to reflect the increase in the Virginia minimum wage effective January 1, 2023, and budgeted in Central Appropriations, Item 483 R. of Chapter 2, 2022 Acts of Assembly, Special Session I. The amounts provided support the annualized general fund cost of increasing the Virginia minimum wage from $11.00 per hour to $12.00 per hour or the equivalent annual salary of $24,960.
 
  FY FY
General Fund $2,544 $2,544
Nongeneral Fund $704 $704
•
Adjust appropriation for centrally funded changes to Cardinal Human Capital Management System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Human Capital Management System internal service fund charges budgeted in Central Appropriations, Item 484 G. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $2,439 $2,439
Nongeneral Fund $673 $673
•
Adjust appropriation for centrally funded changes to Cardinal Financials System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 484 F. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $1,499 $1,499
Nongeneral Fund $808 $808
•
Adjust appropriation for centrally funded changes to agency leased space costs Base Budget Adjustment
  Adjusts appropriation for to increased charges to customer agencies for the Department of General Services to perform lease administration services. budgeted in Central Appropriations, Item 485 K. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $640 $640
•
Adjust appropriation for centrally funded internal service fund charges for the Personnel Management Information System Base Budget Adjustment
  Adjusts appropriation for Personnel Management Information System internal service fund charges budgeted in Central Appropriations, Item 484 I. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($324) ($324)
Nongeneral Fund ($30) ($30)
•
Adjust appropriation for centrally funded workers’ compensation premium changes Base Budget Adjustment
  Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 483 P. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $31 $31
Nongeneral Fund $83 $83
•
Adjust appropriation for centrally funded changes to Performance Budgeting system charges Base Budget Adjustment
  Adjusts appropriation for changes to Performance Budgeting system internal service fund charges budgeted in Central Appropriations, Item 484 H. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($62) ($62)
Nongeneral Fund ($46) ($46)
•
Recognize savings during planning, recruitment, and expansion efforts Decision Package
  Recognizes savings in FY 2026 and requires the New College Institute to provide a comprehensive business plan and customer recruitment and expansion strategy to the Governor, the Chair of the Senate Finance and Appropriations Committee, and the Chair of the House Appropriations Committee no later than October 1, 2024.
 
  FY FY
General Fund $0 ($3,101,809)
Nongeneral Fund $0 ($1,585,041)
•
Continue Chapter 1 funding changes: Provide funding for two percent salary increase Decision Package
  Adjusts appropriation for the two percent salary increase for state and state supported local employees budgeted in Central Appropriations, Paragraphs S, T, U, and V of Item 483, Chapter 1, 2023 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $22,158 $22,158
•
NCI - Restore Second Year General Assembly Adjustment
  This amendment provides funding to restore the proposed elimination of the New College Institute.
 
  FY FY
General Fund $0 $3,101,809
Nongeneral Fund $0 $1,585,041


p3_bullets - Official Enacted Budget - 11-02-2026 07:50:25