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 enrollment of...
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