St. Margaret’s School in Tappahannock will close permanently after more than a century of operation. The decision comes from the Board of Trustees for Church Schools in the Diocese of Virginia, citing continued declines in enrollment and tuition revenue. Despite raising $2.6 million and securing deposits from 49 students, officials say the school’s finances remain unsustainable. Faculty and staff will be paid through July and offered severance. A court hearing is set for today as a parent seeks to block the closure with an injunction.