(Deming) – Luna County’s share of Payment in Lieu of Taxes – or PILT – program funds for 2018 is nearly $2 million.
The total marks a slight increase over the 2017 PILT award.
PILT provides federal payments to local governments to help offset losses in property taxes because of nontaxable federal land within their jurisdictions.
Counties like Luna rely on PILT to provide services, including schools, roads and public safety.
Luna County’s PILT payment for fiscal year 2018 will be $1,999,158 – up from the just over $1,961,000 received last year.
PILT is administered through the Department of the Interior and compensates rural counties for hosting federal lands which cannot be developed, including Bureau of Land Management land, national parks and forests, and some military bases.
Funding for each county is determined by a formula based on the number of acres of federal entitlement land within each county or jurisdiction and the population of that county or jurisdiction.
The total marks a slight increase over the 2017 PILT award.
PILT provides federal payments to local governments to help offset losses in property taxes because of nontaxable federal land within their jurisdictions.
Counties like Luna rely on PILT to provide services, including schools, roads and public safety.
Luna County’s PILT payment for fiscal year 2018 will be $1,999,158 – up from the just over $1,961,000 received last year.
PILT is administered through the Department of the Interior and compensates rural counties for hosting federal lands which cannot be developed, including Bureau of Land Management land, national parks and forests, and some military bases.
Funding for each county is determined by a formula based on the number of acres of federal entitlement land within each county or jurisdiction and the population of that county or jurisdiction.
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