Department of Medical Assistance Services (602)
Request Title | Adjust Revenue for the Virginia Health Care Fund |
Biennium | 2016-2018 |
Budget Round | Initial Bill |
Half Sheet Number | 306 #2c |
Description
This amendment reduces the general fund appropriation for Medicaid by $361,659 the first year and $361,659 the second year and increases a like amount of nongeneral funds each year, reflecting increased revenues to the Virginia Health Care Fund (VHCF). Because revenues to the fund have historically been used as the state share of Medicaid, additional revenue results in an equal amount of general fund savings. Current estimates of cigarette tax collections indicate that Virginia will receive slightly more revenue than was assumed in the introduced budget. This additional revenue, which is deposited into the Virginia Health Care Fund, allows for a reduction in general fund appropriations for the state's share of Medicaid funding. |
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 | ($361,659) | ($361,659) | |
09490 | Virginia Health Care Fund | $361,659 | $361,659 |
Authorized Position Details
By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 23:39:41