The report found that school districts in Virginia receive about 14 percent less funding than the national average or about $1,900 less per student.
the Joint Legislative Audit and Review Commission , a watchdog for state lawmakers in the General Assembly, said the formula
“Virginia’s school funding model lags the nation and policymakers at the state level must seek practical solutions to assist our divisions whose localities cannot afford to fund the resources needed to provide students with a quality public education,” David R. Woodard, president of the Virginia School Boards Association, said in a statement.
The complex SOQ formula has three main steps. First the formula determines the total number of staff positions needed for each school division, then calculates how much it will cost to fund that level of staffing. Finally, that total is divided between the state and local governments based on local ability to pay.
The report also includes a number of policy recommendations to change the formula. Short-term changes include discontinuing a cap on the number of support staff the state will fund that was put in place during the Great Recession to save money;One policy option suggested by JLARC would be to replace the entire staffing-based SOQ formula with a new student-based formula that is based on average school division expenditures.
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