COMMONWEALTH OF VIRGINIA
DEPARTMENT OF EDUCATION
P. O. BOX 2120
RICHMOND, VIRGINIA 23218-2120
SUPTS. MEMO. NO. 27
May 16, 1997

ADMINISTRATIVE

TO: Division Superintendents
FROM: Richard T. La Pointe
Superintendent of Public Instruction
SUBJECT: Sales Tax No Loss Payment

 
  During the 1997 Session of the General Assembly, $2,126,194
  was appropriated in the first year of the biennium to provide
  a one-time payment to school divisions receiving less state
  funding in the first year as a result of a loss in school age
  population between the years 1992 and 1996.

  The additional payment shall be made to qualifying local
  school divisions requesting such payment, for a percentage of
  the difference between the funding the division would receive
  using the 1992 Census in the first year and funding that would
  be received from these accounts in the first year using the
  1992/1996 Blended Census.  Such payments shall be made as
  determined below:

     Composite Index               Percentage
     0.0000   0.1999                    85%
     0.2000   0.3499                    70%
     0.3500   0.4999                    45%
     0.5000 or more                     30%

  School divisions may request this payment by returning the
  attached form by May 30, 1997 to Ms. Doris West, Senior Budget
  Analyst.  If you have any questions concerning this payment
  call Ms. West at (804) 225-2091 or  Mrs. June Eanes, Budget
  Director, at (804) 225-2060.

  RTL:dw

  Attachment:  A hard copy of this memo and its attachment
               will be sent to the superintendent's office








              SALES TAX NO LOSS PAYMENT REQUEST

                          1996 - 97





  This is to request the one-time Sales Tax No Loss Payment.







          School Division





  Signature, Division Superintendent                      Date





  Return this form by May 23, 1997 to:  Ms. Doris West
                                        Senior Budget Analyst
                                        Department of Education
                                        P. O. Box 2120
                                        Richmond, VA  23218-2120