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On Jan. 23, Rappahannock County School Superintendent Dr. Robert Chappell spoke to the House of Delegates Committee on Elementary and Secondary Education to support passage of two amendments: Del. Scott Ligamfelter’s “Education computation of composite index” biU (HB 1702) and Del. Brad Gilbert s Cost of Competing Adjustment” bill (HB 135 18h).
Ligamfelter’s proposal would require the General Assembly to modify the current Standards of Quality funding formula and calculation of composite index of local ability to pay to incorporate within the real estate indicator of local wealth the land-use taxation value for those properties within a land-use plan.
The current composite index of local ability to pay incorporates the “true value” of real property (rather than any special-use assessed values) weighted 50 percent, with adjusted gross income weighted at 40 percent and taxable retail sales weighted at 10 percent, as indicators of local wealth.
Chappell told the committee he supports the land-use plan.
“By reducing taxes on eligible properties, land use helps to preserve the rural character of the majority of the commonwealth’s land and prevent the suburban sprawl that has been creeping across Virginia for years,” he said.
Rappahannock County’s Local Composite Index is .7463. Approximately 25 percent of the cost of educating Rappahannock’s children is covered by the state. The remainder falls on the shoulders of the county’s taxpayers.
92.4%