Meeting about composite index school funding at Holton TONIGHT
School Board members are having meetings across the city to discuss Governor McDonnell’s recommendation to unfreeze the current “local composite index forumla.” The index determines, in part, how much state funding a school district receives. The Richmond City Schools would lose an additional eleven million dollars, bringing their budget shortfall to 28.8M$. The meeting will be […]
School Board members are having meetings across the city to discuss Governor McDonnell’s recommendation to unfreeze the current “local composite index forumla.” The index determines, in part, how much state funding a school district receives. The Richmond City Schools would lose an additional eleven million dollars, bringing their budget shortfall to 28.8M$.
The meeting will be held at Holton Elementary at 6.30pm tonight.
The original freeze was instituted by then Governor Kaine. McDonnell, however, says “I will not support the proposed freeze in the budget introduced by the previous administration. The Local Composite Index must be applied to all localities, at all times, in the same objective and fair manner by which it has always been utilized.”
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