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depending on what’s happening in the rest of Virginia,” he said. “For example, Fairfax County is enjoying rampant commercial development, dramatically increasing its wealth and its composite index.
“Every time Fairfax’s composite index goes up, some other county’s goes down.”
Therefore, while Rappahannock’s property values, retail sales and the income of its residents have climbed, the climb hasn’t been as steep as in other localities, “making you less wealthy relative to them,” Mr. Cale said.
Harold Gruver, also of the Department of Education’s finance office in Richmond, reported that for the 1984-86 biennium, Rappahannock’s true value of re$M estate was $295.5 million, its taxable retail sales were $7.3 million and the income of its residents was $51.7 million.
The average daily membership in county public schools was figured at 1,063.
Those figures, data from 1981-82, gave the county a composite index of .6583. Basically, that means that .6583 of school costs must be met with local dollars.
For the new biennium which begins in the coming school year, Rap
94.2%