The 2019 Executive Budget Document
Governor Northam's Proposed Amendments to the 2018-2020 Biennial Budget
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Released on December 18, 2018 
 
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
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 $41,684,808 $6,280,000 $47,964,808
    2018 Appropriation $43,754,808 $6,280,000 $50,034,808
    Governor's Amendments ($2,070,000) $0 ($2,070,000)
2018-2020 2020 Governor's Proposed Budget $37,912,498 $5,911,000 $43,823,498
    2018 Appropriation $38,122,498 $5,911,000 $44,033,498
    Governor's Amendments ($210,000) $0 ($210,000)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
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
    2018 Appropriation 0.00 0.00 0.00
    Governor's Amendments 0.00 0.00 0.00
2018-2020 2020 Proposed Positions 0.00 0.00 0.00
    2018 Appropriation 0.00 0.00 0.00
    Governor's Amendments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
Capture savings related to updated incentive grant payment schedules Decision Package
  Removes funding included in the budget for the Major Eligible Employer Grant. Additionally, funding is reduced in both years of the biennium for the Virginia Investment Partnership Grant. This action is necessary based on the most recent schedule of anticipated payments under these grant programs.
 
  FY 2019 FY 2020
General Fund ($2,070,000) ($210,000)


pdocagy2014 - Executive Budget Document Agency Details - 10-03-2025 06:57:18