City Leaders Speak Out On Local Composite Index
Mayor Dwight C. Jones, City Council President Kathy Graziano, School Board Chair Kim Bridges, and School Superintendent Dr. Yvonne Brandon Regarding the Recent Proposal to "Unfreeze" the Local Composite Index of Ability to Pay for Education City officials announced their disappointment in a recently proposed change to the introduced State budget involving the local composite index. The introduced State budget included a "freeze" on the local composite index, which is the measure of how much a locality can afford to pay for K-12 education. This freeze was extremely important to the city of Richmond, and most localities in the Richmond region. "The proposal to 'unfreeze' the local composite index hits us at a most unfortunate time. We are in the process of assessing the first round of reductions to our schools, in the range of $13.7 million, from the introduced State budget. We are also balancing other potential cuts to our locality - another $7.8 million...