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Appropriations panel moves $1M education adjustment, approves $3M VHFA reversion and holds $11M item pending review
Summary
At its Jan. 31 session the House Appropriations Committee moved a $1 million technical reduction for state-placed students into the budget adjustment bill, approved using a $3 million VHFA reversion to cover a settlement payment, and put an $11 million item on hold pending review by another committee.
The House Appropriations Committee on Jan. 31 moved a $1 million technical reduction for state-placed students into the budget adjustment bill and approved using a $3,000,000 reversion from VHFA to cover a payment tied to an EB-5 settlement, while putting an $11,000,000 calendar-year item on hold pending further review by the Health Committee.
Committee chair (unnamed) said the $1 million change is an accounting adjustment to the Education Fund and does not change the tax rate. The committee heard that the line for “state-based students” has historically been volatile because placements…
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