Standards of Quality; requires G.A. to modify current funding formula, etc. of composite index. (HB1702)
Introduced By
Del. Scott Lingamfelter (R-Woodbridge)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Education; computation of composite index. Requires the General Assembly to modify the current Standards of Quality (SOQ) funding formula and calculation of composite index of local ability to pay to incorporate within the real estate indicator of local wealth the land-use taxation value for those properties within a land-use plan. The current composite index of local ability to pay incorporates the "true value" of real property (rather than any special use assessed values) weighted 50%, with adjusted gross income weighted at 40%, and taxable retail sales weighted at 10%, as indicators of local wealth. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/15/2006 | Committee |
12/15/2006 | Prefiled and ordered printed; offered 01/10/07 072304380 |
12/15/2006 | Referred to Committee on Education |
01/15/2007 | Assigned Education sub: Standards of Quality (Lingamfelter) |
01/16/2007 | Impact statement from DPB (HB1702) |
01/17/2007 | Referred from Education |
01/17/2007 | Referred to Committee on Appropriations |
01/22/2007 | Assigned App. sub: Elementary and Secondary Education (Tata) |