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Composite index change could extend Albemarle schools' funding gap
The Daily Progress Saturday, March 10, 2018 at 12:01 a.m.

Albemarle County Public Schools face a possible funding gap because of composite index recalculations, School Board Chairwoman Kate Acuff said at a county budget meeting last week.

Every two years, the state recalculates the composite index, a metric used to determine how much money is given to school divisions. Virginia has a goal of contributing an overall 55 percent in state funds to meet the Department of Education’s Standards of Quality, the minimum requirements that must be met by all schools and divisions in the state. The value of real estate, taxable retail sales and adjusted gross income all are weighed when determining the composite index for a locality, according to the DOE.

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