Virginia Headlines
AOBA Assists Effort to Preserve Local School Funding
A provision in outgoing Gov. Tim Kaine’s budget sought freeze the Local Composite Index, the formula by which state assistance for K-12 education is determined. By delaying the LCI adjustment, public schools in Northern Virginia would stand to lose more than $118 million in funding! This provision to freeze the LCI comes at the same time that the schools in Northern Virginia are experiencing their largest growth in student enrollment in decades. AOBA joined with numerous other Northern Virginia business organizations in urging the incoming administration to amend the budget to unfreeze the LCI adjustment for 2010. This coalition was successful as Governor Bob McDonnell recently announced that he would submit a budget amendment to unfreeze the LCI adjustment and the amendment was included in the budgets adopted by both the House of Delegates and Senate.
