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By: Olympia Meola
Published: February 08, 2010 8:15 PM
Northern Virginia lawmakers are already rejoicing over Gov. Bob McDonnell’s announcement today that he will support updating the formula that determines how much state money each school system receives.
The news isn’t as great for Richmond-area school districts, which could lose millions of dollars in state education funding.
McDonnell’s decision is a departure from the proposed budget left to him by outgoing Gov. Timothy M. Kaine who proposed freezing the formula, called the local composite index, for one year.
But the proposed freeze caused an uproar in some Northern Virginia localities which would have lost about $128.3 million in state funding, according to McDonnell’s office.
Freshman legislator Del. Mark L. Keam, D-Fairfax, sent out a news release this evening, saying, “Last year, candidate McDonnell campaigned as ‘Fairfax’s Own.’ I’m very glad to see that Governor McDonnell is living up to this campaign promise. I look forward to continuing to work with him on a bipartisan basis to promote Fairfax County’s interests in Richmond.”
Del. Timothy D. Hugo, R-Fairfax, said in a release that “This is a huge victory for Northern Virginia and we thank Governor McDonnell for his support of our region!”
But Northern Virginia’s gain is the Richmond area’s loss. Local school divisions, already grappling with big budget deficits, have been waiting to see whether the composite index would change for the 2010-11 school year.
Richmond city and Chesterfield County would be hit the hardest if the index is updated. Facing more than a $17 million shortfall already, Richmond would add $9 million in lost state revenue. Chesterfield would lose an additional $4 million in state funds, pushing its budget deficit from $42 million to $46 million.
Hanover County would lose $900,000 in state funding, while Henrico County would lose $450,000.
To read more, click here.
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