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Scheduled Increase in Federal Impact Aid Funding for Schools 2024-2029.

This bill authorizes substantial, scheduled increases in federal funding for local school districts that educate children connected to federal activities or that lose tax revenue due to federal property presence. The funding increases are planned annually from 2024 through 2029, aiming to achieve full federal funding for these "Impact Aid" schools. This ensures greater financial stability and resources for schools serving military and federal communities.
Key points
Authorizes significant, scheduled increases in federal Impact Aid funding for schools from Fiscal Year 2024 through 2029.
Funding boosts cover general operations, support for children with disabilities, and necessary school construction projects.
The goal is to advance toward full federal funding for districts impacted by the presence of tax-exempt federal land or military families.
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Additional Information
Print number: 118_S_871
Sponsor: Sen. Lujan, Ben Ray [D-NM]
Process start date: 2023-03-16