Virginia Commonwealth University (236)
| Request Title | Adjust appropriation for centrally funded minimum wage increases |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
Description
|
Adjusts appropriation to reflect the increase in the Virginia minimum wage effective January 1, 2023, and budgeted in Central Appropriations, Item 483 R. of Chapter 2, 2022 Acts of Assembly, Special Session I. The amounts provided support the annualized general fund cost of increasing the Virginia minimum wage from $11.00 per hour to $12.00 per hour or the equivalent annual salary of $24,960. |
Funding Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| 101 | Higher Education Instruction | $332,031 | $332,031 | |
| 102 | Higher Education Research | $15,481 | $15,481 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $172,060 | $172,060 | |
| 03000 | Higher Education Operating | $175,452 | $175,452 |
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 06:20:15
