Computing the Effects of Changes to the Standards of Quality Funding Formula
Virginia’s distinctive school funding formula is made up of multiple funding streams. Each program’s funding is generally determined based on the minimum cost of meeting program and staffing requirements, and responsibility for meeting these funding obligations is split between the state and districts. In the 2017 school year, the formula resulted in slightly progressive cost-adjusted funding across districts. Changes to the existing formula generally produce modest effects on equity measures and often involve committing additional resources.