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RICHMOND— Governor Timothy M. Kaine submitted on Monday two budget bills for consideration by the 2006 Special Session of the General Assembly, which convened at noon to continue work on budget and transportation issues.
House Bill 5003 and Senate Bill 5001, the so-called “caboose bill,” covers state spending for the remaining three months of Fiscal Year 2006. House Bill 5004 and Senate Bill 5002 represents the biennial budget for 2006-08.
These bills build on the introduced budget and incorporate Governor Kaine’s executive amendments submitted in January, including his transportation proposal, and also .include new amendments, including:
• $285.5 million to cover the cost of reclassifying proceeds from the automobile insurance premium tax from the General Fund to transportation.
• $39.5 million to fund an increase in the salary adjustment for teachers, principals, assistant principals, librarians, guidance counselors and aides, from 3.0 percent to 4.0 percent, effective December 1, 2006.
91.5%