Department of Housing and Community Development (165)
| Request Title | Establish the GO Virginia Initiative to promote regional collaboration |
| Biennium | 2016-2018 |
| Budget Round | Initial Bill |
| Category | New general fund spending initiatives |
| Region | None |
Description
|
Provides general fund appropriation to establish the GO Virginia Initiative to foster public-sector growth and job creation through state incentives for regional collaboration by business, education, and government. Specifically, this amendment is for $5.5 million in FY 2017 and $20.0 million in FY 2018 for the three components of the Virginia Growth and Opportunity Fund: capacity building, regional population-based allocations, and competitive regional allocations. In addition, two positions and $225,000 in each year is provided for the department to administer the program. |
Funding Summary
| Object Type | FY 2016 | FY 2017 | |
| General Fund Dollars | $5,725,000 | $20,225,000 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 2.00 | 2.00 | |
| 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 |
| 533 | Community Development Services | $5,725,000 | $20,225,000 | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | $5,725,000 | $20,225,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
| 533 | Community Development Services | 2.00 | 2.00 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 22:39:52
