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R -20 -09 <br />A RESOLUTION ADOPTING A POLICY TO GOVERN THE ALLOCATION OF LOCAL <br />REVENUE TO PORTSMOUTH PUBLIC SCHOOLS. <br />WHEREAS, the Council of the City of Portsmouth, Virginia considers it essential to provide a <br />predictable, objective means of allocating local revenues while providing funding to meet the strategic <br />goals of both the City and Portsmouth Public Schools so as to maintain an educational program meeting <br />the Standards of Quality established by the law of the Commonwealth of Virginia; <br />NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia: <br />That it hereby approves the Local Revenue Allocation Policy attached as Exhibit A; <br />2.- That it authorizes and directs the proper City officials to take all necessary actions to <br />implement the policy; and <br />That this Resolution shall take effect on the date of its adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on February <br />25, 2020. <br />Teste: <br />City Clerk <br />