Federal Impact Aid is designed to assist local school districts that have lost property and sales tax revenue due to the presence of tax-exempt Federal property, Federal Impact Aid is a fund set up for school districts where federally owned lands (such as Fort Campbell, government buildings, TVA steam plants, subsidized housing, etc.) are located. Its intent is to help offset the lost property and sales taxes that would have been collected if businesses or privately owned residences were located there instead. Federal Impact Aid does not provide an amount of funding for every military dependent child who is served in our school system.
Each year, the Clarksville-Montgomery County School System is required to send out to parents a one-page survey to collect data about federally connected students. The funding formula that determines how much money a school system will receive hinges on accurate information that is collected on the survey.
Surveys will go be distributed to all CMCSS students in early October. It is crucial that parents complete the forms. The survey is confidential and has no effect on personal taxes or on those who live in subsidized housing.