From: Mchale, Juanita (DOE) on Behalf of Wright, Patricia (DOE)

From: McHale, Juanita (DOE) On Behalf Of Wright, Patricia (DOE)
Sent: Tuesday, February 09, 2010 11:51 AM
To: McHale, Juanita (DOE)
Subject: SUPTS E-MAIL: Governor McDonnell's Recommendation on the 2010-2012 Composite Index
Importance: High

The introduced budget for the 2010-2012 biennium, HB/SB 30 as introduced, included a recommendation to maintain use of the 2008-2010 composite index in fiscal year 2011 and to defer use of the recalculated composite index for 2010-2012 untilfiscal year 2012. Governor McDonnell yesterday recommended that the recalculated composite index for 2010-2012 be used to distribute state funds to school divisions in fiscal year 2011. The Governor's press release on this recommendation is available at:

The table below shows the projected state funding impact to divisions in fiscal year 2011 of this recommendation. Please note that the Governor's recommendation would have to be adopted in the final 2010-2012 budget adopted by the 2010 General Assemblyfor itto be implemented.

Additional budget information will be provided to you after the release and adoption of the respective House of Delegates and Senate budgets. We expect to provide this information by early in the week of March 1st. If you have further questions, please contact KentDickey, assistant superintendent for finance, at (804) 225-2025.