Central Appropriations (995)
| Request Title | Provide funding to support increase in minimum wage |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | Unanticipated and unavoidable cost adjustments |
| Region | None |
Description
|
Provides funding to support the increases in the Virginia minimum wage scheduled for January 1, 2025 and January 1, 2026. The amounts provided assume a 3.84 percent annual increase in the Virginia minimum wage. Under current law, the actual Virginia minimum wage will be established by the Commissioner of the Department of Labor and Industry by October 1 each year. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $1,015,507 | $3,336,858 | |
| 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 | $1,015,507 | $3,336,858 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $1,015,507 | $3,336,858 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 05:15:36
