The 2025 Executive Budget Document
Governor Youngkin's Proposed Amendments to the 2024-2026 Biennial Budget
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Released on December 18, 2025 
 
New College Institute [938]
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
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $2,692,553 $1,545,145 $4,237,698
2021-2024 2022 Chapter1, 2024 Acts of Assembly $3,949,405 $1,553,122 $5,502,527
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $2,868,555 $1,545,145 $4,413,700
2021-2024 2023 Chapter1, 2024 Acts of Assembly $2,949,405 $1,553,122 $4,502,527
2024-2026 2025 Governor's Proposed Budget $3,101,809 $1,585,041 $4,686,850
    2024 Appropriation $3,101,809 $1,585,041 $4,686,850
    Governor's Amendments $0 $0 $0
2024-2026 2026 Governor's Proposed Budget $3,101,809 $1,585,041 $4,686,850
    2024 Appropriation $3,101,809 $1,585,041 $4,686,850
    Governor's Amendments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 18.00 6.00 24.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 21.00 6.00 27.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 18.00 6.00 24.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 23.00 6.00 29.00
2024-2026 2025 Proposed Positions 23.00 6.00 29.00
    2024 Appropriation 23.00 6.00 29.00
    Governor's Amendments 0.00 0.00 0.00
2024-2026 2026 Proposed Positions 23.00 6.00 29.00
    2024 Appropriation 23.00 6.00 29.00
    Governor's Amendments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
Address agency status Decision Package
  Requires the Board of Directors of New College Institute, in collaboration with state and regional partners, to develop a sustainability plan, including a comprehensive business plan and customer recruitment and expansion strategy with options to achieve state goals, and report to the Governor and Chairs of the House Appropriations and Senate Finance and Appropriations Committees no later than August 1, 2025.


pdocagy2014 - Executive Budget Document Agency Details - 06-07-2025 07:04:17