Friday, November 21, 2014

Joint study committee on property tax impacts on school funding to meet Mon., Nov. 24

The state's joint legislative committee focusing on the impact of payments-in-lie-of-tax (PILOT) agreements and tax digests on school funding will meet for the second time on Monday, November 24 at 1:00 p.m. in room 450 (fourth floor) of the state capitol.  The agenda for the public meeting is to discuss recommendations for the committee's final report.  This may be the committee's final meeting of the year.

During the committee's first meeting in October, lawmakers identified the need for better tracking of PILOT agreements, more notification and transparency about PILOT arrangements to school boards by local development authorities and tax assessors offices, and possibly some refinements to state school funding formulas to ensure local school districts are made whole for forgone tax revenues from PILOT properties.

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