Cheney Free Press -

By PAUL DELANEY
Staff Reporter 

Impact aid: Federal money that helps property tax-poor school districts

 

December 6, 2018



Medical Lake School District recently got all caught up with an important part of its funding with the receipt of the last payment of Federal Impact Aid.

The money, about $1.7 million, comes in dribs and drabs and apparently in no dependable schedule. It makes up about 6 percent of the district’s budget of approximately $26 million.

According to the official source, Impact Aid is designed to assist local school districts that have lost property tax revenue. This can be due to the presence of tax-exempte federal property, or that have experienced increased expenditures due to the enroll...



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