Pitkin County getting extra money from feds
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.
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