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Impact Aid forms issued, support local school funding
September 25, 2018 — Public education is supported primarily by local property tax revenue, state monies and federal funding. Most school districts rely heavily on these resources to fund educational programming – classroom instruction, extracurricular activities, professional development, transportation, administrative services and more. The federal government recognizes that school districts like Charleston, Berkeley, and Dorchester Counties face added economic pressures when local real estate has been purchased for military purposes. As a result, the county government loses the property tax revenue that it might otherwise have earned if the federal government had not utilized or acquired the property. Compensation for this loss, known as Impact Aid, is paid to the local school district for the “substantial and continuing financial burden” that results from federal and military activities. Impact Aid is paid for federal property that is used to support military installations, low-income housing, Native American lands and for children whose parents work/live on federal lands. Payments made under this program are based on mathematical formulas which consider various types of federally-connected children and the costs associated with of educating that child...