Such a takeover would collectively save the other 57 counties $ 2.3 billion a year, which equates to 41 percent of their collective property tax revenue (
including payments in lieu of taxes, or PILOTs).
Not exact matches
This
includes revenues from volume - based
taxes such as Gasoline Tax, Fuel Tax, Tobacco Tax, and Beer and Wine Tax, as well as other taxes such as Electricity Payments - In - Lieu of Taxes and Mining
taxes such as Gasoline
Tax, Fuel
Tax, Tobacco
Tax, and Beer and Wine
Tax, as well as other
taxes such as Electricity Payments - In - Lieu of Taxes and Mining
taxes such as Electricity
Payments -
In -
Lieu of Taxes and Mining
Taxes and Mining
Tax.
Growth
in the
tax levy for school districts allows them certain exemptions,
including capital expenditures,
payment in lieu of taxes and pension growth.
Democratic lawmakers who represent districts outside
of New York City (i.e. those impacted by the
tax cap) have called for some changes,
including ones addressing
payments -
in -
lieu -
of -
taxes.
They groups also back
including payment -
in -
lieu -
of -
taxes in the calucation
of the cap's
tax base growth factor.
This
includes over-estimating
payments in lieu of taxes ($ 381,000), rental
payments ($ 305,000) and interest earnings ($ 426,000); as well as over-expending budget line items for health insurance ($ 944,000), accumulated sick pay and vacation pay ($ 750,000), and workers compensation ($ 415,000).
A controversial proposal to change how local governments and school districts are compensated for state - owned lands
in the Adirondacks and Catskills by utilizing a
payment -
in -
lieu -
of -
taxes system was not
included in the final spending plan, a decision roundly praised by local stakeholders.
The Town
of Cortlandt, Village
of Buchanan and the Hendrick Hudson School District are expected to lose $ 32 million
in payment in lieu of tax payments from Entergy,
including $ 4 million to Westchester County.
Therefore, he neither favors the developers who gave him money nor the hundreds
of New Paltz residents,
including their village and town elected officials, who have vociferously opposed a proposed
payment -
in -
lieu -
of -
taxes (Pilot) arrangement that would save the developer millions over the 25 - year term
of the proposed contract.
This
includes charging fees for services, developing PILOT (
payments in lieu of taxes) arrangements and reaching voluntary
payment arrangements with non-profit groups.
A negative cap can be caused by a number
of reasons,
including a district's receipt
of a
payment in lieu of taxes, such as for a new business park, or when a capital expense goes away after years
in the debit column.
This is just rent and does not
include PILOT (
Payment In Lieu Of Taxes).
Not mentioned
in the article but cited on PNMís web site are the alleged economic benefits to New Mexico
including, annually, $ 450,000
in payments in lieu of taxes, $ 550,000
in land rental
payments, and $ 500,000
in compensation for 12 employees who will operate the «wind farm» when completed.
We assist clients
in securing
tax exemptions and abatements and
in negotiating and drafting
payments in lieu of taxes (PILOT),
including those secured by bond financing.