Funding of Constitutional Officers - Virginia Joint Legislative Audit ...
Funding of Constitutional Officers - Virginia Joint Legislative Audit ...
Funding of Constitutional Officers - Virginia Joint Legislative Audit ...
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Appendix B (Continued)<br />
Revenue Capacity Index (Local Share)<br />
OJ = (K)<br />
where:<br />
OJ = Locality j'S share <strong>of</strong> local-responsibility personnel costs,<br />
based on local ability to generate revenues<br />
K = Target statewide local share <strong>of</strong> local-responsibility costs<br />
Uj =<br />
Locality j'S revenue capacity<br />
mj = Locality j'S population<br />
U<br />
Statewide revenue capacity<br />
M = Statewide population<br />
48