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City Schools Expect More State $$$ In Next Budget Cycle

City Schools Expect More State $$$ In Next Budget Cycle

Photo: WINA

The Finance Director for the Charlottesville schools says the city could see a 21% spike in its contributions to the Virginia Retirement System. Ed Gillaspie says that’s a feature of the budget proposal that outgoing Governor Bob McDonnell has turned over to the General Assembly. Despite the higher figure for VRS, Gillaspie expects to get more state dollars this year. The city stands to benefit this year from a complex formula called the local composite index. The number crunchers in Richmond see Charlottesville as a LESS wealthy place than it was a few years ago. The board has picked Juandiego Wade (pictured) as its chairman for another year, and Amy Laufer continues as vice-chairwoman.

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