Economic Development Incentive Payments (312)
| Request Title | Continue Chapter 1 funding changes: Business Ready Sites Program Fund |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | CH 1 (2023 Special Session) Ongoing Impact |
| Region | None |
Description
|
Provides for the ongoing impact of appropriation changes included in Chapter 1, 2023 Special Session I, bringing the base for Virginia Business Ready Sites to $150.0 million the first year and $50.0 million the second year. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $95,500,000 | ($4,500,000) | |
| 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 |
| 534 | Economic Development Services | $95,500,000 | ($4,500,000) | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $95,500,000 | ($4,500,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 11-01-2025 16:19:58
