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2020 New Hampshire Revised Statutes
Title XV - Education
Title 198 - School Money
Section 198:40-c - Fiscal Capacity Disparity Aid.
Universal Citation: NH Rev Stat § 198:40-c (2020)
I. In addition to aid for the cost of the opportunity for an adequate education provided under RSA 198:40-a, each biennium the commissioner shall calculate fiscal capacity disparity aid and provide that amount of aid in each year of the biennium to a municipality's school districts as follows:
(a) A municipality with an equalized valuation per pupil of $350,000 or less shall receive $1,750 per pupil in the municipality's ADMA.
(b) A municipality with an equalized valuation per pupil between $350,001 and $999,999 shall receive a grant equal to $0.0027 for each dollar of difference between its equalized valuation per pupil and $1,000,000, per pupil in the municipality's ADMA.
(c) A municipality with an equalized valuation per pupil of $1,000,000 or more shall receive no fiscal capacity disparity aid.
II. Fiscal capacity disparity aid shall be distributed pursuant to RSA 198:42.
III. In this section, "equalized valuation per pupil" means a municipality's equalized valuation, including properties subject to taxation under RSA 82 and RSA 83-F, as determined by the department of revenue administration, that was the basis for the local tax assessment in the determination year, divided by the school district's kindergarten through grade 12 ADMA in the determination year.
Source. 2019, 346:234, eff. July 1, 2020.
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