June 11, 2009
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Nevada Senator Harry Reid discussed today’s announcement that Nevada will receive more than $23 million for the Payment In Lieu of Taxes (PILT) program. The funds come as a result of federal ownership of large amounts of Nevada land. This record-high funding level is $650,000 more than last year and nearly $10 million more than 2007.
Last year, Reid delivered on his promise to Nevada counties that he would lead Congress in fully funding the PILT program. Reid’s legislation ensures that the PILT program will be fully funded every year through 2012. As the federal government owns more than 87 percent of Nevada’s land – making it non-taxable – counties rely on PILT money for essential services and improvements in areas such as education, law enforcement and infrastructure.
For more information about the PILT funds and a county-by-county list of funding, click here.
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