Friday, August 8, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB2278: Standards of Quality; computation of composite index.
Chief Patron
Del.
Vivian Watts (D-39)
Vivian Watts
(D-39)
Annandale, VA
Served: 1996–
Progress
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Introduced |
 |
Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Education; Computation of composite index. Codifies the current Standards of Quality (SOQ) funding formula and calculation of composite index of local ability-to-pay, and modifies the formula that determines each locality's ability to pay for its share of providing an educational program meeting the prescribed SOQ to (i) incorporate tax values and population estimates for the fiscal year ending one year prior to the fiscal biennium in which the distribution takes place; (ii) provide for a population density adjustment in certain localities; and (iii) incorporate median, rather than average, adjusted gross income.
In addition, the respective weights granted to the various wealth indicators are updated to use 1997 figures.
This measure reflects certain recommendations included in the Joint Legislative Audit and Review Commission (JLARC) Review on Elementary and Secondary School Funding (February 2002).
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Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
Tags
Bill Text
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