Interior Dept: PILT coming, but little late
From our weekly issue dated June 23, 2010
Oregon counties will receive their “Payments in Lieu of Taxes“ (PILT) monies a bit later than usual this year, but all is well, stated the U.S. Dept. of the Interior.
PILT comprises funding to local governments that help offset losses in property taxes due to nontaxable federal land within their boundaries. Some 68 percent of Josephine County consists of federally owned land.
An announcement related that, “The Dept. of the Interior will issue the fiscal year 2010 PILT allocations not later than July 15. We regret the delay in payments and we are moving as quickly as possible to get funding to counties.
“We are proud of our efforts to make these payments timely, and for the past five years we have been able to make the payments to counties in June, ahead of most counties“ fiscal years. Historically, payments were made late in the fiscal year, and beginning in 2005 the program moved the payment to June.
“The 2010 payment amounts were delayed because of late reporting by some entities and the complexity of evaluating prior year payment amounts authorized by the Mineral Leasing Act and the Secure Rural Schools and Roads Act.
“Each of these statutes and the PILT statute include requirements that affect the development of county payment amounts using a multi-factor formula. We strive to be accurate and these efforts require our due diligence and sometimes additional time.
“We understand how important it is to provide these payments to counties.“
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