by Dick Hall-Sizemore
Note: This is the second installment of an overview and discussion of state financing of K-12 education in localities. Part 1 of this series was an overview of financing related to the Standards of Quality.
The Standards of Quality is the major category through which the Commonwealth provides financial assistance for public education, but there are other important sources as well. These are:ย incentive programs, categorical programs, and lottery-funded programs. Together, the introduced budget bill would provide $2.3 billion in FY 2023 and $2.0 billion in the second year in these categories for local school divisions.
Two aspects need to be noted. First, the total amounts to be distributed are estimates. The actual amount of lottery profits is likely to change and, therefore, the amount of funding available for distribution to school divisions will change accordingly. Second, participation in these programs by school divisions is optional. A school division does not have to participate in the Virginia Preschool Initiative or the Early Reading Intervention programs, for example. But, if it does choose to participate and receive the funding available, it must provide the local matching funds, if required, and abide by all the other conditions set out in the Appropriation Act and Department of Education (DOE) guidelines. (more…)



by James C. Sherlock








