Virginia’s K-12 Funding Formula: What the JLARC Report Means for Counties — and What Comes Next
In the latest episode of VACo’s Uplifting Our Children Through Education podcast series, host Jeremy R. Bennett is joined by Justin Brown, Associate Director of the Joint Legislative Audit and Review Commission (JLARC), and Mark Gribbin, Chief Legislative Analyst (JLARC) and project leader for JLARC’s landmark 2023 report on Virginia’s K-12 funding formula.
The JLARC study, directed by the General Assembly, found that Virginia’s current Standards of Quality (SOQ) funding formula significantly underestimates the true cost of providing a high-quality public education. While the SOQ formula calculated that school divisions needed roughly $10.7 billion in combined state and local funding in FY21, actual division spending exceeded $17 billion—leaving counties to absorb much of the gap.
During the conversation, Brown and Gribbin walk listeners through why JLARC undertook the study, how the formula has evolved over time, and which structural issues—such as outdated staffing assumptions, labor cost adjustments, and the treatment of higher-needs students—continue to place pressure on local government budgets.
The episode also explores the report’s near-term and long-term recommendations, progress made by the General Assembly since the report’s release, and what counties should watch for in upcoming legislative sessions. Listeners will gain valuable insight into how the JLARC findings are shaping state policy discussions and why continued county engagement is essential to achieving a more transparent, predictable, and equitable funding system for Virginia’s public schools.
Tune in to hear how this landmark report is influencing K-12 education funding debates and what it means for county leaders working to uplift children through education
Link to JLARC Report and Supporting Documents can be accessed here.
VACo Contact: Jeremy R. Bennett