The 2024 Executive Budget Document
Governor Youngkin's Proposed Budget for the 2024-2026 Biennum
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Released on December 20, 2023 
 
Virginia Port Authority [407]
Secretarial Area: Transportation
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 $1,000,000 $217,317,547 $218,317,547
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $1,000,000 $222,083,808 $223,083,808
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $0 $246,826,544 $246,826,544
2021-2024 2022 Chapter1, 2024 Acts of Assembly $0 $280,355,992 $280,355,992
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $0 $255,281,160 $255,281,160
2021-2024 2023 Chapter1, 2024 Acts of Assembly $0 $290,769,867 $290,769,867
2024-2026 2025 Governor's Proposed Budget $750,000 $281,666,286 $282,416,286
    Base Budget $0 $290,769,867 $290,769,867
    Addenda (Changes to the Base) $750,000 ($9,103,581) ($8,353,581)
2024-2026 2026 Governor's Proposed Budget $1,500,000 $287,666,286 $289,166,286
    Base Budget $0 $290,769,867 $290,769,867
    Addenda (Changes to the Base) $1,500,000 ($3,103,581) ($1,603,581)
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 0.00 236.00 236.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 0.00 236.00 236.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 260.00 260.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 0.00 260.00 260.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 260.00 260.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 260.00 260.00
2024-2026 2025 Proposed Positions 0.00 260.00 260.00
    Base Budget 0.00 260.00 260.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
2012-2014 2026 Proposed Positions 0.00 260.00 260.00
    Base Budget 0.00 260.00 260.00
    Addenda (Changes to the Base) 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Update existing debt service requirements Decision Package
  Updates debt service appropriation and budget language to reflect current debt service obligations for FY 2025 and FY 2026.
 
  FY 2025 FY 2026
Nongeneral Fund ($27,214,944) ($27,214,944)
•
Increase appropriation for estimated rent escalations Decision Package
  Increases nongeneral fund appropriation to properly account for unavoidable rent escalations on the Virginia International Gateway lease.
 
  FY 2025 FY 2026
Nongeneral Fund $7,200,000 $13,200,000
•
Establish appropriation for the Port Opportunity Fund Decision Package
  Establishes legislative appropriation for the Port Opportunity Fund pursuant to Section 62.1-132.3:1, Code of Virginia. Existing cash balances in this fund will support expenditures from this appropriation.
 
  FY 2025 FY 2026
Nongeneral Fund $8,000,000 $8,000,000
•
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
Nongeneral Fund $2,897,097 $2,897,097
•
Support the Virginia Port Volume Increase Grant Program Decision Package
  Provides general fund support for the Virginia Port Volume Increase Grant Program and Fund, established by Section 62.1-132.3:5, Code of Virginia. This grant program replaces the existing Virginia Port Volume Increase tax credit that expires January 1, 2025.
 
  FY 2025 FY 2026
General Fund $500,000 $1,000,000
•
Support the Virginia Barge and Rail Usage Grant Program Decision Package
  Provides general fund support for the Virginia Barge and Rail Usage Grant Program and Fund, established by Section 62.1-132.3:6, Code of Virginia. This grant program replaces the existing Barge and Rail Usage Tax Credit that expires January 1, 2025.
 
  FY 2025 FY 2026
General Fund $250,000 $500,000
•
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
Nongeneral Fund $19,267 $19,267
•
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
Nongeneral Fund ($4,876) ($4,876)
•
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
Nongeneral Fund $3,361 $3,361
•
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
Nongeneral Fund ($2,843) ($2,843)
•
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
Nongeneral Fund ($589) ($589)
•
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
Nongeneral Fund ($54) ($54)
•
Support the Port of Virginia Economic Development Grant Program Decision Package
  Provides support for the Port of Virginia Economic Development Grant Program, established by Section 62.1-132.3:2.1, Code of Virginia. This grant program consists of the following component programs: 1) the Economic Development and Infrastructure Development Grant Program established by Section 62.1-132.3:2.2, Code of Virginia, and 2) the International Trade Facility Grant Program established by Section 62.1-132.3:2.3, Code of Virginia. Language authorizes support for the new grant fund and programs from balances of the expiring Port of Virginia Economic and Infrastructure Development Grant Fund and a deposit from the Commonwealth's Development Opportunity Fund.
Capital Project Requests (in order of largest to smallest)
•
Cargo Handling Facilities
  Provides additional nongeneral fund appropriation to continue efforts required to keep facilities operating at optimum efficiency.
 
  FY 2025 FY 2026
Nongeneral Fund $105,000,000 $118,000,000
•
Expand Empty Yard
  Provides additional nongeneral fund appropriation to continue efforts required to keep facilities operating at optimum efficiency.
 
  FY 2025 FY 2026
Nongeneral Fund $105,000,000 $118,000,000
•
Maintain Berths and Wharfs
  Provides nongeneral fund appropriation to support periodic maintenance activity for berths and wharfs necessary to maintain proper depths of berths to accommodate Ultra Large Container Vessels and to maintain safe operating conditions of wharfs.
 
  FY 2025 FY 2026
Nongeneral Fund $6,000,000 $6,200,000


pdocagy2014 - Executive Budget Document Agency Details - 06-07-2025 13:11:57