Wednesday, January 3, 2024

Youngkin seeks to defund New College Institute in 2026 fiscal year - Monique Holland, Martinsville Bulletin

Amid efforts to rehabilitate the New College Institute, Gov. Glenn Youngkin this week proposed eliminating NCI’s funding in the second year of the two-year state budget. Youngkin’s plan would allocate $4.69 million for the institute in the 2025 fiscal year but zero in fiscal year 2026. The draft budget also would require NCI to submit an updated business plan to state leaders by October, three months before the legislature would convene to consider budget amendments and other matters.