The 2024 Executive Budget Document
Governor Youngkin's Proposed Budget for the 2024-2026 Biennum
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Released on December 20, 2023 
 
George Mason University [247]
Secretarial Area: Education
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
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly $165,889,872 $940,829,644 $1,106,719,516
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $176,146,280 $944,129,644 $1,120,275,924
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $199,222,793 $999,981,227 $1,199,204,020
2021-2024 2022 Chapter1, 2024 Acts of Assembly $244,386,594 $1,031,189,228 $1,275,575,822
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $208,167,693 $1,001,981,227 $1,210,148,920
2021-2024 2023 Chapter1, 2024 Acts of Assembly $267,482,244 $1,037,596,228 $1,305,078,472
2024-2026 2025 Governor's Proposed Budget $314,910,545 $1,182,722,436 $1,497,632,981
    Base Budget $267,482,244 $1,037,596,228 $1,305,078,472
    Addenda (Changes to the Base) $47,428,301 $145,126,208 $192,554,509
2024-2026 2026 Governor's Proposed Budget $312,448,445 $1,259,452,436 $1,571,900,881
    Base Budget $267,482,244 $1,037,596,228 $1,305,078,472
    Addenda (Changes to the Base) $44,966,201 $221,856,208 $266,822,409
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 1,082.14 3,772.57 4,854.71
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 1,082.14 3,772.57 4,854.71
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 1,082.14 4,185.49 5,267.63
2021-2024 2022 Chapter1, 2024 Acts of Assembly 1,082.14 4,185.49 5,267.63
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 1,082.14 4,185.49 5,267.63
2021-2024 2023 Chapter1, 2024 Acts of Assembly 1,082.14 4,185.49 5,267.63
2024-2026 2025 Proposed Positions 1,082.14 4,185.49 5,267.63
    Base Budget 1,082.14 4,185.49 5,267.63
    Addenda (Changes to the Base) 0.00 0.00 0.00
2012-2014 2026 Proposed Positions 1,082.14 4,185.49 5,267.63
    Base Budget 1,082.14 4,185.49 5,267.63
    Addenda (Changes to the Base) 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Adjust appropriation for centrally funded five percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for state employees budgeted in Central Appropriations, Item 483 S. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $20,619,894 $20,619,894
Nongeneral Fund $29,674,786 $29,674,786
•
Adjust sponsored programs appropriation Decision Package
  Adjusts nongeneral fund appropriation for sponsored programs to more accurately reflect future research funding.
 
  FY 2025 FY 2026
Nongeneral Fund $37,060,000 $62,550,000
•
Adjust educational and general appropriation Decision Package
  Adjusts nongeneral fund appropriation for educational and general programs to more accurately reflect projected nongeneral fund tuition revenue receipts.
 
  FY 2025 FY 2026
Nongeneral Fund $28,800,000 $63,300,000
•
Adjust auxiliary enterprise appropriation Decision Package
  Adjusts nongeneral fund appropriation for auxiliary programs in line with revenue increases.
 
  FY 2025 FY 2026
Nongeneral Fund $33,070,000 $49,810,000
•
Continue Chapter 1 funding changes: Distribute financial aid and nursing faculty salary funding Decision Package
  Distributes the amounts initially provided under Item 255.5 of Chapter 1, 2023 Acts of Assembly, Special Session I, to the institution’s budget. These funds are provided to support need-based undergraduate financial aid and to address nursing shortages.
 
  FY 2025 FY 2026
General Fund $13,285,000 $13,285,000
•
Adjust financial aid appropriation Decision Package
  Adjusts nongeneral fund appropriation to more accurately reflect base spending for financial aid.
 
  FY 2025 FY 2026
Nongeneral Fund $8,000,000 $8,000,000
•
Continue Chapter 1 funding changes: Provide funding for two percent salary increase Decision Package
  Adjusts appropriation for the two percent salary increase for state and state supported local employees budgeted in Central Appropriations, Paragraphs S, T, U, and V of Item 483, Chapter 1, 2023 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $5,094,383 $5,094,383
•
Adjust appropriation for centrally funded five percent salary increase for adjunct faculty Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for adjunct faculty budgeted in Central Appropriations, Item 483 U. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $1,856,221 $1,856,221
Nongeneral Fund $2,890,879 $2,890,879
•
Adjust appropriation for centrally funded five percent salary increase for graduate teaching assistants Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for graduate teaching assistants budgeted in Central Appropriations, Item 483 V. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $1,205,267 $1,205,267
Nongeneral Fund $2,262,169 $2,262,169
•
Adjust appropriation for centrally funded changes to state health insurance premiums Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 483 G. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $1,302,698 $1,302,698
Nongeneral Fund $1,746,735 $1,746,735
•
Adjust appropriation for centrally funded minimum wage increases Base Budget Adjustment
  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.
 
  FY 2025 FY 2026
General Fund $1,254,995 $1,254,995
Nongeneral Fund $1,210,614 $1,210,614
•
Provide funding for campus safety and security initiatives Decision Package
  Provides one-time funding for campus safety and security initiatives in coordination with the Virginia Fusion Center.
 
  FY 2025 FY 2026
General Fund $2,462,100 $0
•
Adjust appropriation for centrally funded changes to Cardinal Human Capital Management System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Human Capital Management System internal service fund charges budgeted in Central Appropriations, Item 484 G. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $189,694 $189,694
Nongeneral Fund $278,771 $278,771
•
Adjust appropriation for centrally funded property insurance premium charges Base Budget Adjustment
  Adjusts appropriation for property insurance premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 484 J. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $174,873 $174,873
Nongeneral Fund $168,690 $168,690
•
Adjust appropriation for centrally funded internal service fund charges for the Personnel Management Information System Base Budget Adjustment
  Adjusts appropriation for Personnel Management Information System internal service fund charges budgeted in Central Appropriations, Item 484 I. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund ($43,018) ($43,018)
Nongeneral Fund ($65,993) ($65,993)
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes to contribution rates for state employee retirement plans budgeted in Central Appropriations, Item 483 H. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $43,320 $43,320
Nongeneral Fund $41,787 $41,787
•
Adjust appropriation for centrally funded changes to Cardinal Financials System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 484 F. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $9,304 $9,304
Nongeneral Fund $44,784 $44,784
•
Adjust appropriation for centrally funded changes to agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 484 C. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund ($6,575) ($6,575)
Nongeneral Fund ($30,411) ($30,411)
•
Adjust appropriation for centrally funded changes to Performance Budgeting system charges Base Budget Adjustment
  Adjusts appropriation for changes to Performance Budgeting system internal service fund charges budgeted in Central Appropriations, Item 484 H. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund ($3,586) ($3,586)
Nongeneral Fund ($24,848) ($24,848)
•
Adjust appropriation for centrally funded workers’ compensation premium changes Base Budget Adjustment
  Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 483 P. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund ($17,444) ($17,444)
Nongeneral Fund ($2,925) ($2,925)
•
Adjust appropriation for centrally funded changes to Line of Duty Act premiums and enrollment Base Budget Adjustment
  Adjusts appropriation for Line of Duty Act premiums and enrollment changes budgeted in Central Appropriations, Item 483 O. of Chapter 2, 2022 Acts of Assembly, Special Session I.
 
  FY 2025 FY 2026
General Fund $1,175 $1,175
Nongeneral Fund $1,170 $1,170
Capital Project Requests (in order of largest to smallest)
•
Aggregate Critical Deferred Maintenance
  Provides state support for an umbrella project to address deferred maintenance needs of educational and general buildings.
 
  FY 2025 FY 2026
Tax Supported Debt $12,000,000 $0


pdocagy2014 - Executive Budget Document Agency Details - 06-07-2025 13:09:10