Central Appropriations (995)
| Request Title | Adjust funding provided for minimum wage increase |
| Biennium | 2024-2026 |
| Budget Round | Amended Bill |
| Category | Unanticipated and unavoidable cost adjustments |
| Region | None |
Description
|
Adjusts funding to support the increases in the Virginia minimum wage scheduled for January 1, 2025 and January 1, 2026. The Appropriation Act assumes a minimum wage of $12.46 per hour effective January 1, 2025, however, the actual Virginia minimum wage established by the Commissioner of the Department of Labor and Industry will be $12.41 per hour. Under current law, the actual Virginia minimum wage is established by the Commissioner of the Department of Labor and Industry by October 1 each year based on changes in the Consumer Price Index. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | ($112,801) | ($267,145) | |
| Nongeneral Fund Dollars | $0 | $0 | |
| 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 2024 | FY 2025 |
| 757 | Compensation And Benefit Adjustments | ($112,801) | ($267,145) | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | ($112,801) | ($267,145) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-21-2025 10:16:41
