Less Wealth Could Mean More Funding for Cville Schools
CHARLOTTESVILLE, Va (WVIR) -
The state could be handing over more cash to Charlottesville schools. The funding formula used to calculate how much money a school district gets shows Charlottesville schools might be in need of a little extra help.
Vice Mayor Kristin Szakos says the new composite numbers show Charlottesville dropping down a notch or two on the list of localities. Ed Gillaspie, who handles finances for Charlottesville schools, told WINA radio that Charlottesville is a less wealthy place than it was just a few years ago. That information comes from state number crunchers.
Because the composite index is designed to provide more money to less wealthy jurisdictions, Charlottesville schools could benefit from the drop.
"Over the past, I guess, six years the state has cut funding to Charlottesville schools by about a third, so it’s not like it's a big win. It’s like it's a little less of a loss, so we are really hoping they will start building that back up,” Szakos said.
According to a report by WINA, student enrollment also comes into play.
Szakos says she isn't sure if the drop comes from a decreased wealth level in the city or an increased wealth level in other jurisdictions. The school district won't know how much state funding it will get until spring.
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