School Finance


IMPACT AID PAYMENTS 2014

Sunday, September 29, 2013, 11:16 am

Impact Aid payments for FY 2014 are not expected to be released prior to December 2013.  A number of districts may not receive their first payment until January.  The percentage of LOT for the first payment is projected at 65%, though no official determination has yet been made.  The decrease in LOT percentage is due to the current budget situation in Congress.  At this time no federal budget has been approved and no continuing resolution has been authorized.  Final LOT percentages for FY 2014 are expected to be lower than FY 2013 amounts.  There is no timeline at this point for the release of additional payments.  If this will present a budget hardship for your district, please contact Nicole Thuotte at (406) 444-4524 or nthuotte@mt.gov.

For more information, contact Nicole Thuotte, (406) 444-4524