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Base Budget Adjustment
The College of William and Mary in Virginia (204)
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 $202,056 $202,056
  102 Higher Education Research $21,666 $21,666
  104 Higher Education Academic Support $129,291 $129,291
  105 Higher Education Student Services $55,209 $55,209
  106 Higher Education Institutional Support $47,672 $47,672
  107 Operation And Maintenance Of Plant $5,987 $5,987
By Fund Fund Code Fund Title FY 2024 FY 2025
  01000 General Fund $176,132 $176,132
  03000 Higher Education Operating $285,749 $285,749
Authorized Position Details
By Program Program Code Program Title FY 2024 FY 2025


p3_opview - Official Enacted Budget View Operating Bullet Details - 06-06-2025 14:04:55