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Budget Request Totals - Compensation Board - Virginia

Budget Request Totals - Compensation Board - Virginia 2025

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The document is a comprehensive user guide for the Budget Request process within the Constitutional Officer's Information Network (COIN), specifically designed for Treasurers. It outlines various options available in the COIN system for submitting budget requests, including personnel funding, office expenses, equipment requests, and workload information. The guide provides detailed navigational paths, procedures, helpful hints, and certification processes to ensure accurate budget submissions and compliance with Compensation Board policies.

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What is the budget for Virginia 2025 2026?

On December 18, 2024, Governor Glenn Youngkin introduced his amendments to the biennial budget. As amended, the governor proposed a total operating budget of $92.6 billion in fiscal 2025 and $92.1 billion in fiscal 2026, while general fund spending totals $34.4 billion in fiscal 2025 and $32.7 billion in fiscal 2026.

How often does Virginia adopt a new budget?

About $23.4B in fiscal year (FY) 2022. This total includes money transferred to Virginias state government as well as funds sent directly to local entities within the state, such as cities and school districts.

What is the annual budget of Virginia?

Virginia operates under a two-year (biennial) budget cycle. Each year the Governor prepares the proposed budget bill for introduction by the General Assembly. The bill is initially adopted in even-numbered years and amended in odd-numbered years.

Does the Virginia General Assembly approve state budget?

The Virginia General Assembly adjourned its 2025 session on Saturday after approving a series of amendments to the states biennial budget, which passed with overwhelming bipartisan support 81-18 in the House and 27-3 in the Senate.

Will Virginia state employees get a bonus?

ing to the National Association of State Budget Officers (NASBO), Virginias total expenditures in fiscal year FY 2024 were $80.0 billion, including general funds, other state funds, bonds, and federal funds.

Does Virginia have a balanced budget amendment?

Ramadan said Virginia has a balance budget constitutional requirement and the governor and the general assembly have to adjust the budget; the two-year biennial budget so they can deal with the surplus just like they would do if the state had a shortage which they dont this year.

What is the process of the budget amendment in Virginia?

A: There are several stages that a budget amendment goes through after it is submitted to the House Appropriations Committee staff: Initial processing, Subcommittee action, Committee action, House action, Conference Committee action, and adoption. once completed to check for accuracy.