Composite Index of Local Ability to Pay
The Composite Index determines a school division’s ability to pay education costs fundamental to the commonwealth’s Standards of Quality (SOQ). The Composite Index is calculated using three indicators of a locality’s ability-to-pay:
- True value of real property (weighted 50 percent)
- Adjusted gross income (weighted 40 percent)
- Taxable retail sales (weighted 10 percent)
Each locality’s index is adjusted to maintain an overall statewide local share of 45 percent and an overall state share of 55 percent.
2012-2014
- Composite Index of Local Ability-to-pay (XLS) – updated November 2011
- Composite Index of Local Ability-to-pay (PDF) – updated November 2011
- Composite Index Calculation and Trend Analysis (XLS) – updated February 2012
2010-2012
- Composite Index of Local Ability-to-pay (XLS) – updated March 2010
- Composite Index of Local Ability-to-pay (PDF) – updated March 2010
- Composite Index Calculation and Trend Analysis (XLS) – updated March 2010
- Map of Composite Indices (PDF)
2008-2010
- Composite Index of Local Ability-to-Pay (XLS) – Excluding Nonresident Adjusted Gross Income (AGI)
- Composite Index of Local Ability-to-Pay (PDF) – Excluding Nonresident Adjusted Gross Income (AGI)
- Composite Index Calculation and Trend Analysis (XLS)
- Map of Composite Indices (PDF)
2006-2008
- Composite Index of Local Ability-to-pay (XLS)
- Composite Index of Local Ability-to-pay (PDF)
- Composite Index Calculation and Trend Analysis (XLS)
2004-2006
- Composite Index of Local Ability-to-pay (XLS)
- Composite Index of Local Ability-to-pay (PDF)
- Composite Index Calculation and Trend Analysis (XLS)
2002-2004
- Composite Index of Local Ability-to-pay (XLS)
- Composite Index of Local Ability-to-pay (PDF)
- Composite Index Calculation (XLS)
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