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RSA 198:40-g · [RSA 198:40-g effective July 1, 2026.] 198:40-g Fiscal Capacity Disparity Aid

Title
XV: EDUCATION
Chapter
198 · SCHOOL MONEY
Status
current
Official source linked
Yes
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[RSA 198:40-g effective July 1, 2026.] 198:40-g Fiscal Capacity Disparity Aid. –

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I.

In addition to aid for the cost of the opportunity for an adequate education provided under RSA 198:40-a, each year the commissioner shall calculate a fiscal capacity disparity aid grant for schools and provide that amount of aid to a municipality's school districts as follows:

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(a)

A municipality with an equalized valuation per pupil of $1,000,000 or less shall receive $1,250 per pupil eligible in the municipality's ADMR.

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(b)

A municipality with an equalized valuation per pupil between $1,000,001 and $1,599,999 shall receive a grant equal to $0.00208333 for each dollar of difference between its equalized valuation per pupil and $1,599,999, for each pupil the municipality's ADMR.

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(c)

A municipality with an equalized valuation per pupil of $1,600,000 or more shall not receive a fiscal capacity disparity aid grant.

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II.

In this section:

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(a)

"Grant floor" means $1,000,000 in equalized valuation per pupil.

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(b)

"Grant ceiling" means $1,600,000 in equalized valuation per pupil.

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(c)

"Factor" means $0.00208333 for each dollar difference between equalized valuation per pupil.

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(d)

"Maximum grant" means $1,250 per pupil.

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III.

The fiscal capacity disparity aid grants shall be calculated using the formula described in paragraph I, however, beginning July 1, 2027, and every year thereafter, the grant floor, grant ceiling, and maximum grant shall be increased by 2 percent. The factor shall be readjusted by taking the newly adjusted maximum grant and dividing by the difference between the grant floor and grant ceiling. Source. 2025, 141:225, eff. July 1, 2026.

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Source note

Source. 2025, 141:225, eff. July 1, 2026.

Source history

  • 2025, 141:225, eff. July 1, 2026

Related materials

Bill relationships

  • 2026 HB1787 add

    198:40-a, I-III; (b) Add the municipality's extraordinary need grant pursuant to RSA 198:40-f; and (c) Add the municipality’s fiscal capacity disparity aid grant pursuant to RSA 198:40-g. I-a. For municipalities where all school districts therein provide education to all of their pupils by paying tuition to other institutions, the department of education shall determine the total education grant for

  • 2026 HB1787-FN add

    198:40-a, I-III; (b) Add the municipality's extraordinary need grant pursuant to RSA 198:40-f; and (c) Add the municipality’s fiscal capacity disparity aid grant pursuant to RSA 198:40-g. I-a. For municipalities where all school districts therein provide education to all of their pupils by paying tuition to other institutions, the department of education shall determine the total education grant for

  • 2026 HB1799 amend · effective 2026-11-01

    t paid for items of current education expense as determined by the department of education. 7 New Section; Education; School Money; Adequate Education Funding Commission. Amend RSA 198 by inserting after section 39 the following new section: 198:39-a Adequate Education Funding Commission. I. There is established a commission to study and identify, consistent with RSA 193-E:1, transition and re

  • 2026 HB1799 add · effective 2026-11-01

    A 198:40-a, I-III; (b) Add the municipality's extraordinary need grant pursuant to RSA 198:40-f; and (c) Add the municipality's fiscal capacity disparity aid grant pursuant to RSA 198:40-g. I-a. For municipalities where all school districts therein provide education to all of their pupils by paying tuition to other institutions, the department of education shall determine the total education grant for ea

  • 2026 HB1799-FN amend · effective 2026-11-01

    t paid for items of current education expense as determined by the department of education. 7 New Section; Education; School Money; Adequate Education Funding Commission. Amend RSA 198 by inserting after section 39 the following new section: 198:39-a Adequate Education Funding Commission. I. There is established a commission to study and identify, consistent with RSA 193-E:1, transition and re

  • 2026 HB1799-FN add · effective 2026-11-01

    A 198:40-a, I-III; (b) Add the municipality's extraordinary need grant pursuant to RSA 198:40-f; and (c) Add the municipality's fiscal capacity disparity aid grant pursuant to RSA 198:40-g. I-a. For municipalities where all school districts therein provide education to all of their pupils by paying tuition to other institutions, the department of education shall determine the total education grant for ea

  • 2026 HB1824 amend

    acted by the Senate and House of Representatives in General Court convened: 1 New Sections; School District Financial Distress; State Assistance; Municipal Assistance. Amend RSA 198 by inserting after section 20-d the following new sections: 198:20-e School District Financial Distress; State Assistance. This section provides for the financial recovery of school districts that are in financial

  • 2026 HB1824-FN amend

    acted by the Senate and House of Representatives in General Court convened: 1 New Sections; School District Financial Distress; State Assistance; Municipal Assistance. Amend RSA 198 by inserting after section 20-d the following new sections: 198:20-e School District Financial Distress; State Assistance. This section provides for the financial recovery of school districts that are in financial

  • 2026 HB1831 add · effective 2026-07-01

    the next tax year; (c) Add the municipality's extraordinary need grant pursuant to RSA 198:40-f; and (d) Add the municipality's fiscal capacity disparity aid grant pursuant to RSA 198:40-g[; and (e) For municipalities with a total ADMR of 5,000 or more, subtract the amount necessary to limit the total additional targeted aid to $3,750 per pupil in the municipality's ADMR. For the purpose of this paragrap

  • 2026 HB1831-FN add · effective 2026-07-01

    the next tax year; (c) Add the municipality's extraordinary need grant pursuant to RSA 198:40-f; and (d) Add the municipality's fiscal capacity disparity aid grant pursuant to RSA 198:40-g[; and (e) For municipalities with a total ADMR of 5,000 or more, subtract the amount necessary to limit the total additional targeted aid to $3,750 per pupil in the municipality's ADMR. For the purpose of this paragrap

  • 2026 HB563 add · effective 2026-07-01

    next tax year; [and] (c) Add the municipality's extraordinary need grant pursuant to RSA 198:40-f;[.] (d) Add the municipality’s fiscal capacity disparity aid grant pursuant to RSA 198:40-g; and (e) For municipalities with a total ADMR of 5,000 or more, subtract the amount necessary to limit the total additional targeted aid to $3,750 per pupil in the municipality’s ADMR. For the purpose of this paragraph

  • 2026 HB563 amend · effective 2026-07-01

    djusted by taking the newly adjusted maximum grant and dividing by the difference between the grant floor and grant ceiling. 4 New Section; Fiscal Capacity Disparity Aid. Amend RSA 198 by inserting after section 40-f the following new section: 198:40-g Fiscal Capacity Disparity Aid. I. In addition to aid for the cost of the opportunity for an adequate education provided under RSA 198:40-a, each yea