The 2018 Executive Budget Document
Governor McAuliffe's Proposed Budget for the 2018-2020 Biennum
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Released on December 18, 2017 
 
Economic Development Incentive Payments [312]
Secretarial Area: Commerce and Trade
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $54,451,745 $535,000 $54,986,745
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $56,331,455 $1,175,000 $57,506,455
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $61,826,436 $250,000 $62,076,436
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $80,113,444 $250,000 $80,363,444
2016-2018 2017 Chapter 1, 2018 Acts of Assembly $52,391,610 $150,000 $52,541,610
2016-2018 2018 Chapter 1, 2018 Acts of Assembly $44,360,799 $18,175,880 $62,536,679
2018-2020 2019 Governor's Proposed Budget $43,969,992 $6,280,000 $50,249,992
    Base Budget $46,505,799 $18,175,880 $64,681,679
    Addenda (Changes to the Base) ($2,535,807) ($11,895,880) ($14,431,687)
2018-2020 2020 Governor's Proposed Budget $41,337,682 $5,911,000 $47,248,682
    Base Budget $46,505,799 $18,175,880 $64,681,679
    Addenda (Changes to the Base) ($5,168,117) ($12,264,880) ($17,432,997)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 0.00 0.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 0.00 0.00
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 0.00 0.00 0.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 0.00 0.00 0.00
2016-2018 2017 Chapter 1, 2018 Acts of Assembly 0.00 0.00 0.00
2016-2018 2018 Chapter 1, 2018 Acts of Assembly 0.00 0.00 0.00
2018-2020 2019 Proposed Positions 0.00 0.00 0.00
    Base Budget 0.00 0.00 0.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
2012-2014 2020 Proposed Positions 0.00 0.00 0.00
    Base Budget 0.00 0.00 0.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Adjust appropriation for the Aerospace Engine Manufacturer Workforce Training Grant and the Aerospace Manufacturing Performance Grant Decision Package
  Aligns the nongeneral fund appropriation in the base for the Aerospace Engine Manufacturer Workforce Training Grant and the Aerospace Manufacturing Performance Grant programs to match anticipated payment schedules. With this adjustment, $6.13 million in FY 2019 and $5.76 million in FY 2020 will be available for these grant programs.
 
  FY 2019 FY 2020
Nongeneral Fund ($6,532,000) ($6,901,000)
•
Remove funding provided for the Advanced Shipbuilding Production Facility Grant Program Decision Package
  Eliminates the funding included in the base budget for deposit to Advanced Shipbuilding Production Facility Grant Fund. The $6.0 million deposit will occur in FY 2018 and the funds will be available for payment to the grantee upon submission and approval of the grant application.
 
  FY 2019 FY 2020
General Fund ($6,000,000) ($6,000,000)
•
Fund the Virginia Economic Development Incentive Grant Decision Package
  Provides additional general fund appropriation for qualifying grants under the Virginia Economic Development Incentive Grant Program. Nongeneral fund appropriation associated with the program is removed as it is no longer required. With this adjustment, $4.4 million in FY 2019 and $3.0 million in FY 2020 will be available for payments.
 
  FY 2019 FY 2020
General Fund $2,800,000 $1,400,000
Nongeneral Fund ($3,600,000) ($3,600,000)
•
Fund the Virginia Investment Partnership Grant Decision Package
  Provides additional general fund appropriation for qualifying grants under the Virginia Investment Partnership Grant Program. Nongeneral fund appropriation associated with the program is removed as it is no longer required. With this adjustment, $4.9 million in FY 2019 and $5.5 million in FY 2020 will be available for payments.
 
  FY 2019 FY 2020
General Fund $2,658,880 $3,226,570
Nongeneral Fund ($1,763,880) ($1,763,880)
•
Remove funding for the Pulp, Paper, and Fertilizer Advanced Manufacturing Performance Grant Fund Decision Package
  Eliminates funding included for deposit to the Pulp, Paper, and Fertilizer Advanced Manufacturing Performance Grant Fund. The funding is no longer needed based on the updated payment schedule of the program.
 
  FY 2019 FY 2020
General Fund ($2,000,000) ($2,000,000)
•
Adjust funding required to support the Major Eligible Employer Grant Decision Package
  Removes funding included in the base in the second year of the biennium for the Major Eligible Employer Grant. With this adjustment, $1.8 million will be available for payments in FY 2019. This action is necessary based on the most recent schedule of anticipated payments under this grant program.
 
  FY 2019 FY 2020
General Fund $0 ($1,800,000)
•
Adjust appropriation for the centrally funded three percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the three percent salary increase for state employees budgeted in Central Appropriations, Item 475 X. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
General Fund $3,602 $3,602
•
Adjust appropriation for centrally funded health insurance costs Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 475 G. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
General Fund $2,186 $2,186
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes in state employee retirement rates budgeted in Central Appropriations, Item 475 H. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
General Fund ($706) ($706)
•
Adjust appropriation for centrally funded state employee other post-employment benefit rate changes Base Budget Adjustment
  Adjusts appropriation for changes in state employee other post-employment benefit rates budgeted in Central Appropriations, Item 475 K. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
General Fund $232 $232
•
Adjust appropriation for centrally funded internal service fund charges for the Personnel Management Information System Base Budget Adjustment
  Adjusts appropriation for the Personnel Management Information System internal service fund charges budgeted in Central Appropriations, Item 476 O. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
General Fund $22 $22
•
Adjust appropriation for centrally funded workers’ compensation premium changes Base Budget Adjustment
  Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 475 V. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
General Fund ($20) ($20)
•
Adjust appropriation for centrally funded changes in Cardinal charges Base Budget Adjustment
  Adjusts appropriation for the reduction in Cardinal charges budgeted in Central Appropriations, Item 476 L. of Chapter 836, 2017 Acts of Assembly.
 
  FY 2019 FY 2020
General Fund ($3) ($3)


pdocagy2014 - Executive Budget Document Agency Details - 06-30-2025 08:45:46