Ken Buck Supports Fully Funded PILT Program

-

Washington, D.C. – (RealEstateRama) — Congressman Ken Buck joined dozens of his colleagues from both sides of the aisle this week on a letter to Speaker Paul Ryan and Minority Leader Nancy Pelosi demanding the full funding of the Payments in Lieu of Taxes program (PILT). Under this program, the federal government provides offsetting funds to local governments that lose property tax revenue due to the existence of tax-exempt federal lands in their jurisdiction. County governments depend on PILT payments to fund vital services like law enforcement and health services, as well as transportation infrastructure.

“Since it’s exempt from local property taxes, the federal government should contribute to local communities through PILT funds,” Congressman Ken Buck stated. “I encourage Congress to fully fund the PILT program and to ensure its long-term existence.”

The letter requests “a fiscally responsible, long-term and sustainable solution to fully fund PILT in FY17 and beyond.” Without a long-term solution, counties must regularly contend with the uncertainty of not knowing whether PILT funds will be available.

Below is a table of counties from the Fourth Congressional District with their fiscal year 2016 PILT payments and eligible acreage (U.S. Department of the Interior does not list all counties).

County                                     Payment          Total Acres

ARAPAHOE COUNTY               $1,678             4,613

BENT COUNTY                        $54,394           21,386

BOULDER COUNTY                 $334,458         163,619

CROWLEY COUNTY                 $9,836             4,055

DOUGLAS COUNTY                 $280,328         144,671

KIOWA COUNTY                      $25,039           10,552

LAS ANIMAS COUNTY             $643,622         302,989

LINCOLN COUNTY                   $2,520             2,066

MORGAN COUNTY                 $1,172             3,221

OTERO COUNTY                     $429,877         174,218

PROWERS COUNTY                 $156                430

WASHINGTON COUNTY          $289                795

WELD COUNTY                       $71,706           197,190

YUMA COUNTY                       $2,716             7,470

Source: U.S. Department of the Interior

Contact: Kyle Huwa, 202-225-4676

SHARE
Avatar

Colorado RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Colorado Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Colorado.

Contact:

Previous articleEnergy Department Announces Dates and New Contests for Solar Decathlon 2017 in Denver, Colorado
Next articleTipton Re-Introduces Bill to Protect Private Land Owners Following BLM Resurveys