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Bill

HB 753

Public school funding; composite index of local ability-to-pay.

2026 Regular Session Introduced by Chris Runion

HB 753 modifies Virginia's school funding formula by adjusting how local wealth is calculated, potentially redistributing state education dollars between school districts.

Subcommittee recommends laying on the table (7-Y 3-N)
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Bill Summary · HB 753

Legislative bill overview

HB 753 proposes modifications to Virginia's composite index of local ability-to-pay, which determines how state funding is distributed to school divisions based on local wealth. The bill would adjust the formula or methodology used to calculate this index, affecting the equitable distribution of state education dollars across Virginia's school systems. The specific mechanics of the change are not detailed in the available action history.

Why is this important

School funding formulas directly impact educational resources available to students across different communities. Changes to the composite index can shift millions in state education funding between wealthy and less wealthy school divisions, affecting teacher salaries, classroom materials, and program offerings. Virginia's funding formula is designed to ensure poorer districts receive additional state support to equalize educational opportunity statewide.

Potential points of contention

  • Impact on wealthy vs. struggling districts: Adjusting the composite index could either increase or decrease funding to particular regions, creating winners and losers among school divisions
  • Property tax implications: Changes may affect how local property wealth is weighed in funding calculations, potentially influencing property tax burdens
  • Educational equity concerns: Modifications could either enhance or undermine Virginia's stated goal of providing adequate, equitable funding across all communities

Compiled from official sources — confirm details with the bill’s official record.

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