RD359 - Annual Report to the General Assembly on the Updates to the Standards of Quality - November 15, 2008


Executive Summary:
In accordance with Chapter 879 of the 2008 Acts of Assembly, the Department of Planning and Budget (DPB) in coordination with the Department of Education (DOE) has prepared the annual report on the update to the Standards of Quality (SOQ), based upon the most current data available. This report includes technical updates to the SOQ accounts that are done on an annual basis. Enrollment updates are not included in this report because the data submitted by school divisions was still being verified by DOE at the time of this publication.

Specifically, this report contains the following updates and projected state costs for the Standards of Quality in the 2008-2010 biennium:

• Special education child count correction

• Update for 2008 Census data collection

• Update Sales Tax estimate for public education

• Update Lottery revenue estimate for public education

The following table details the expenditure impact of these updates to the Standards of Quality:

FY 2009:
Special Education Child Count Correction (GF): $0
Update for 2008 Census (GF): $0
Update Sales Tax Revenue Estimate for Public Education (Net GF): ($20,677,790)
Update Lottery Revenue Estimate for Public Education (NGF): ($30,800,000)

FY 2010:
Special Education Child Count Correction (GF): $6,842,495
Update for 2008 Census (GF): $4,885,178
Update Sales Tax Revenue Estimate for Public Education (Net GF): ($34,970,187)
Update Lottery Revenue Estimate for Public Education (NGF): ($30,800,000)