•Virginiahasasoundformulafor determiningalocality’sabilityto fundeducation. •Thatformulaiscalledthe compositeindex. CompositeIndexisa: Measureofwealth basedona locality’s: •SalesTax •IncomeTax •PropertyTax CompositeIndex Thecompositeindexiscomputed tohaveatheoreticalrangeof0 to1.0 0.01.0 Extre...