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INDEPENDENCE — The bad news for Grayson County's upcoming budget season got worse last Monday afternoon when Gov. Bob McDonnell announced he will undo a proposed freeze of the Local Composite Index, a formula that determines how much a locality can afford to spend on education.
In December, Grayson Public Schools' Finance Director Julie Bear told the school board that the school system's composite index had risen nearly 22 percent, which means the state calculated that Grayson should be able to pay more towards the school system's budget than it has previously.
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