Virginia Port Authority (407)
| Request Title | Increase appropriation for payment-in-lieu-of-taxes |
| Biennium | 2018-2020 |
| Budget Round | Initial Bill |
| Category | Other - NGF Only |
| Region | Hampton Roads |
Description
|
Increases appropriation to reflect payment-in-lieu-of-taxes to localities to account for inflation and a likely modest increase in acquiring additional real estate. Since the Port Authority is not required to pay real estate taxes, this payment helps offset any cost incurred by localities in providing fire and police support for Virginia's ports. |
Funding Summary
| Object Type | FY 2018 | FY 2019 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $43,100 | $44,300 | |
| 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 2018 | FY 2019 |
| 628 | Financial Assistance For Port Activities | $43,100 | $44,300 | |
| By Fund | Fund Code | Fund Title | FY 2018 | FY 2019 |
| 02407 | Vpa Special Revenue Fund | $43,100 | $44,300 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2018 | FY 2019 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 11-02-2025 06:43:20
