The Impact Aid Program Office is thrilled to announce that as of June 20, 2024, we have made the final payments for all sections of 7003(b) Basic Support Payments, 7003(d) Children with Disabilities, 7002 Federal Property, and 7007(a) Formula Construction for fiscal year 2024. This marks the first time in the 74-year history of the program that the office has completed final payments within the same fiscal year.
Section 7003(b) Basic Support payments were made with a ratable increase to LOT of 3.41%, and section 7003(d) payments for Children with Disabilities were disbursed at a rate of $1,302.52 per Weighted Student Unit.
The provided data represents payments completed to date and excludes the final payment to districts that have requested payments blocks for FY 2024.
Additional details are provided below.
Payment Type | Number of LEAs | Total Funds | |
7002 – Foundation | 200 | $64,250,923 | |
7002 – Remaining Funds | 162 | $13,542,077 | |
7003(b) – Basic Support | 943 | $1,473,879,714 | |
| 7003(b)(2) – Heavily Impacted | 24 | $299,219,843 |
| 7003(e) – Basic Support Hold Harmless | 288 | $68,200,164 |
7003(d) – Children with Disabilities | 770 | $48,312,605
| |
7007(a) – Formula Construction, Indian Lands | 142 | $9,499,946 | |
7007(a) – Formula Construction, Uniformed Services | 27 | $9,499,808 | |
I would also like to take a moment to express my gratitude to my staff for achieving this significant milestone in the program’s history. We are proud to serve federally connected children.
All the best,
Faatimah