Common Contracts
1 similar Revenue-Sharing Agreement contracts
The Charlottesville/Albemarle Revenue-Sharing Agreement and the Local Composite Index for State Funding of SchoolsRevenue-Sharing Agreement • January 5th, 2012
The County is seeking to spot-change the main statewide school funding formula (i.e., the Local Composite Index) in its favor, to “take into account” the revenue-sharing agreement between the City and County. This change will net the County school system – and cost the City school system – $2 to $2.5 million a year in state funding. The issue surrounding the County’s attempt to make this spot change in a statewide funding formula is therefore inextricably linked together with the revenue-sharing agreement.
