Impact aid program, title VII, section 7002

The Department of Education Office of Elementary and Secondary Education awarded Mad River Local School District $168,898 under the Impact Aid Program, Title VII, Section 7002, on October 1, 2025. The award runs through September 30, 2031, and covers performance in Beavercreek Township, Ohio. Section 7002 provides financial assistance to school districts where the federal government has acquired real property, reducing the district's local tax base and thereby limiting access to property tax revenue needed to fund education. Mad River Local School District qualifies because an aggregate of 10 percent or more of the assessed valuation of real property in the district has been acquired by the federal government since 1938, and the district is not substantially compensated by revenue from activities on the eligible federal property. Payments under Impact Aid are computed on a statutory formula and made annually to eligible LEAs. The district currently holds prime Impact Aid grants totaling $480,085 across Section 7002 and Section 7003 awards with performance periods extending through September 2031.