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County’s PILT Payments Slashed

April 2, 2013 Jackson Hole, State of Wyoming, Teton County No Comments
money

Sequestration continues to take its toll on local government activities.  While the focus has been on its impact on the operations of the nearby national parks, federal lands that lie within the county each year provide the county with “Payment in Lieu of Taxes” commonly known as PILT.  This year, says Teton County Treasurer Donna Bauer, the county will receive approximately $87,000 less in PILT payments.  Bauer says while smaller counties in the state depend heavily on PILT funds, Teton County relies more on other sources for its general operating fund.  Still, she says, any drop in revenue is a factor, but the PILT is about 6% of the county’s overall revenue for the general fund.  She says the county’s biggest revenue sources are sales tax and property tax. Of more concern to Bauer are the projections for next year’s PILT payments.  Bauer says, “Next year we only anticipate receiving 40% of the amount [of PILT], which would be a 60% cut – which is substantial.” On the plus side, Interior Secretary Ken Salazar promised that if sequestration is substantially corrected, the federal government could provide counties with the balance of the PILT payments due later in the year.

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