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2012 SESSION

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HJ 63 Composite Index Local Ability to Pay; Joint Legislative Audit and Review Commission to study.

Introduced by: Jennifer L. McClellan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Study; Joint Legislative Audit and Review Commission to study Composite Index of Local Ability to Pay; report. Directs the Joint Legislative Audit and Review Commission to study the efficiency and effectiveness of the Composite Index of Local Ability to Pay. In conducting its study, the Commission shall (i) review current statutory, constitutional, and budgetary provisions governing the calculation of Standards of Quality costs and funding; (ii) examine the components of the Composite Index and how they interact; (iii) evaluate other states' public school funding formulas; (iv) hear local concerns and seek input from various Virginia and national experts, as available; and (v) evaluate the need to adjust the current basic school aid formula.

The Joint Legislative Audit and Review Commission must submit its findings and recommendations to the 2013 Session of the General Assembly.


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