Impact aid program, title VII, section 7002

The Department of Education Office of Elementary and Secondary Education awarded Watermeet Township School District $330,767 under the Impact Aid Program, Title VII, Section 7002 on October 1, 2025. The award funds financial assistance to the school district to replace local revenue lost due to the presence of Federally acquired property within the district that is exempt from local property taxation. Watermeet Township School District serves Watersmeet, Michigan and holds status as a Federally Recognized Indian Tribe, educating a student population that includes federally connected children from military families and Native American communities. The project grant runs from October 1, 2025 through September 30, 2031. The Impact Aid program compensates local educational agencies where at least an aggregate of 10 percent or more of assessed valuation of real property has been acquired by the Federal Government since 1938 and the district is not substantially compensated by revenue from activities on eligible Federal property. The assistance type is a project grant. Annual payments are made to eligible LEAs on the basis of a statutory formula, prorated if appropriations are insufficient.