What is the school funding formula?

In Virginia, the school funding formula is a complex system used to determine per-pupil funding for public schools. This funding formula takes into account a variety of factors, including local, state, and federal contributions, and the number of students. The formula also considers the cost of living in the area and the cost of providing educational services to each student. The formula is based on a base funding level, which provides the minimum level of funding needed for a quality education in Virginia. This base funding level is adjusted using multiple factors including student population, cost of living, and other resources available. Each school division is then allocated a percentage of the base funding, which is used to support its schools. In addition to the base funding, additional funds are assigned to schools based on factors such as student need, per-pupil spending, and services provided. For example, schools with a high percentage of students in poverty may receive additional funds to help cover educational costs. Funding may also be allocated to schools for specialized programs, such as gifted and talented programs or special education. The school funding formula in Virginia is constantly being adjusted and improved to ensure that all schools have the resources needed to provide a quality education for their students. This formula helps to ensure that all students, regardless of their area or economic background, have access to a quality education.

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What is the school funding formula?

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