Towns seek atypical PILOT deals
HOST-COMMUNITY AGREEMENTS: Municipalities, not schools, would get largest share of wind farm pie
By NANCY MADSEN
TIMES STAFF WRITER
THURSDAY, MARCH 27, 2008
Town officials convinced that wind farms are coming to Jefferson County are jockeying to see if they can divert millions of dollars in potential tax revenue to their governments and away from school districts, which generally would receive the majority of taxes raised from the creation of each turbine.
In an average payment-in-lieu-of-taxes (PILOT) agreement, school districts can expect to receive from 50 percent to 60 percent of property taxes from any given property owner. Jefferson County would receive the next-highest amount and towns would get the least.
Link to original
No comments:
Post a Comment