This year’s PILT payment to Nevada County is on the way. PILT stands for Payment In Lieu of Taxes, a federal program that mitigates the impact to government and schools from the loss of certain property taxes. County Supervisor Nate Beason says they’re getting nearly 388-thousand dollars, which is over 100-thousand dollars more than last year….
click to listen to Nate Beason
Beason is the county’s representative with Rural County Representatives of California, which lobbies Congress for the money each year, to ensure that the funding is included in the federal budget, although it is legally required. The money goes into a county’s general fund, making it discretionary…
click to listen to Nate Beason
The payment covers over 214-thousand acres that’s taken off the county’s tax roll each year.
KNCO Web Comments Guidelines