Department of Medical Assistance Services (602)
| Request Title | Adjust FY 2018 Health Care Fund appropriation |
| Biennium | 2016-2018 |
| Budget Round | Caboose Bill |
| Category | Mandates |
| Region | None |
Description
|
Modifies the appropriation for the Virginia Health Care Fund to reflect the latest revenue estimates. Tobacco tax revenue is projected to fall below the current budget by $9.2 million in FY 2018 based on the Department of Taxation's revised forecast. Conversely, Medicaid recoveries exceed budgeted projections by $21.6 million in FY 2018. The estimates also account for a $28.1 million prior year cash balance carried over from FY 2017. Since the fund is used as state match for Medicaid, any change in revenue to the fund impacts general fund support for Medicaid. |
Funding Summary
| Object Type | FY 2016 | FY 2017 | |
| General Fund Dollars | $0 | ($40,503,418) | |
| Nongeneral Fund Dollars | $0 | $40,503,418 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
| 456 | Medicaid Program Services | $0 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | $0 | ($40,503,418) | |
| 09490 | Virginia Health Care Fund | $0 | $40,503,418 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 07-19-2025 06:21:00
