Pitkin County getting extra money from feds | AspenTimes.com

Pitkin County getting extra money from feds

Aspen Times Staff Report
Aspen, CO Colorado

PITKIN COUNTY ” Pitkin County will be getting an extra Payment In Lieu of Taxes, or PILT, from the federal government this month as part of a broader supplemental increase approved by Congress earlier this year.

The PILT payments are compensation to counties to make up for the presence of non-taxable federal lands within their jurisdictions, though for years the federal government has handed out only about 62 percent of the total owed.

This year, Congress passed a law requiring the total PILT amounts be paid, meaning Pitkin County got a payment of $525,677 in June, and is to receive another payment of $318,983 this month, for a total of $844,660.

The total in payments to Colorado counties this year will be roughly $28.3 million, compared to the $17.6 million that would have been paid had Congress not acted.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.