JLARC Releases Long-Awaited K-12 Funding Report
The Joint Legislative Audit and Review Commission (JLARC) on July 10 received a report from its staff on a review of Virginia’s K-12 funding formula, which previously was directed by SJR 294 from the 2021 General Assembly. Not surprisingly, the report found that public education in Virginia is underfunded, noting that local school divisions receive less K–12 funding per student than divisions in other states and several key funding benchmarks. It stated that many of the Standards of Quality (SOQ) formula inputs and assumptions lack a clear rationale and do…