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By DAPHNE HUTCHINSON
Ktppahnnock New, Special Writer
Booming development in fast growing counties such as Fairfax has brought an unexpected dividend to Kappahannock.
For the 1986-88 biennium, the county’s composite index has dropped, meaning that it will receive a bigger chunk of state money for education.
A locality’s composite index is determined by a complicated formula that — in simple terms — adds true value of real estate, personal income and taxable retail sales and then divides the total by the average daily membership in the public schools.
Generally, if real estate values, income and retail sales increase, or if school enrollment declines, the composite index figure goes up, meaning less aid for education from the state. But here, the upward spiral of real estate values, income and sales has lagged behind the average for the state. ■
“Essentially, you’re in competition with other localities (for the state’s education money),” explained Mike Ca)e, assistant state superintendent for finance. “Your composite index will ebb and flow,
88.4%