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Alaska Communities to See More PILT

By | June 17, 2014

Interior Secretary Sally Jewell announced today the government is sending $28.5 million to local governments in Alaska to compensate them for the tax-exempt federal land within their boundaries. It’s called “Payment-in-lieu of taxes” and this year’s total is $2 million higher than last year. For some cities and boroughs, PILT is an important part of the budget. Last year, the Matanuska-Susitna Borough received $3.2 million in PILT while the Kenai Peninsula Borough got $2.6 million.  At the other end of the scale, Yakutat’s share was a little over $100,000.

Link: www.doi.gov/pilt/county-payments.cfm.

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