SUPTS. MEMO. NO. 174
November 18, 1997
||Richard T. La Pointe
Superintendent of Public Instruction
|SUBJECT:||1998-2000 Composite Index of Local Ability-to-Pay|
The attached reports list the 1995 base-year data used in calculating the 1998-2000 Composite Index of Local Ability-to-Pay. Attachment A includes the total Adjusted Gross Income (AGI) for each locality. Attachment B lists the Adjusted Gross Income excluding non-resident AGI for localities whose total AGI is comprised of three percent or more from non-residents of Virginia. Attachment C provides an example of the formula used to calculate the composite index for 1998-2000. If you have questions concerning this data or need additional information, please call Mr. Kent C. Dickey, Data Base Analyst - Budget, at (804) 225-2806. RTL:pft Attachments: A hard copy of this memo and its attachments will be sent to the superintendent's office.