Impact aid program, title VII, section 7003

The Department of Education Office of Elementary and Secondary Education awarded the School District of Okaloosa County $4,049,077 under the Impact Aid Program, Title VII, Section 7003, on October 1, 2025. The award runs through September 30, 2031, and addresses the fiscal impact on the district caused by the presence of federally connected children—those living on federal property or with parents employed on federal property or on active duty in the uniformed services—whose families' property is exempt from local taxation. Impact Aid replaces lost local revenue that school districts would otherwise draw from property taxes to educate these children. Performance occurs in Okaloosa Island, Florida. The Section 7003 component of Impact Aid provides assistance to districts enrolling at least three percent or 400 federally connected children in average daily attendance. Payments are made annually to eligible local educational agencies based on statutory formula; the district must retain records supporting its payment amount for three years after the last payment for each fiscal year.