Direct Aid to Public Education (197)
| Request Title | Provide Literary Fund support for school employee retirement contributions |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | Savings - Other |
| Region | None |
Description
|
Supports a portion of public school employee retirement contributions with funds derived from the principal of the Literary Fund, in accordance with Article VIII, Section 8 of the Constitution of Virginia. The amount of support each year is based on the latest Literary Fund forecast provided by the Department of Treasury. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | ($150,000,000) | ($150,000,000) | |
| Nongeneral Fund Dollars | $150,000,000 | $150,000,000 | |
| 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 |
| 178 | State Education Assistance Programs | $0 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | ($150,000,000) | ($150,000,000) | |
| 07020 | Literary Fund | $150,000,000 | $150,000,000 |
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 18:19:15
