Supplementing and amending appropriations to Higher Education Policy Commission, Control Account
Impact
The passage of SB1007 is expected to significantly impact funding for higher education in West Virginia. By providing these supplemental appropriations, the bill aims to address existing financial challenges faced by colleges and universities, thereby fostering an environment conducive to educational growth and access. The funds allocated through this bill are projected to support initiatives that enhance student accessibility and resources, ultimately contributing to the elevation of educational standards across the state.
Summary
Senate Bill 1007 is an act designed to supplement and amend the appropriations of public funds out of the Treasury for the fiscal year ending June 30, 2024. The bill focuses specifically on the Higher Education Policy Commission, allocating substantial funding to support various higher education programs. A key element of this bill is the creation of new appropriations, which includes a $40 million allocation for the Higher Education Grant Program and additional funds for support directed towards colleges and universities, thereby enhancing the financial resources available to these institutions for the coming fiscal year.
Sentiment
The sentiment around SB1007 has appeared largely positive, as seen in the voting records where the bill received significant bipartisan support, passing with 81 votes in favor and only 5 against. This reflects a consensus among lawmakers that increased funding for higher education is a critical priority. Advocates for the bill assert that this investment will promote the long-term viability and competitiveness of West Virginia’s educational institutions, although some apprehensions about fiscal sustainability may linger among a minority of legislators.
Contention
While the overall reception of SB1007 has been favorable, discussions surrounding the bill have not been devoid of contention. Some legislators expressed concerns about the potential long-term implications of continually increasing appropriations without accompanying revenue strategies. There is a recognition that while immediate funding is crucial for addressing current educational needs, careful consideration must be given to ensure sustainable fiscal practices are maintained to support future appropriations.
Similar To
Supplementing and amending appropriations to the Higher Education Policy Commission, Higher Education Policy Commission – Administration – Control Account
To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.