SRWMD to distribute PILT funds to countiesJul 12th, 2011 | By Submitted | Category: Front Page
The Suwannee River Water Management District (District) will pay $346,345.32 to 11 counties for Payment in Lieu of Taxes (PILT).
The PILT program was created by the Florida Legislature to help reduce the fiscal impact to rural counties when the State or District acquires lands. Since land owned by the District is tax-exempt, PILT funds offset the loss of tax revenue when the District purchases property for flood control, water quality, water supply and natural resource protection.
The District will pay PILT funds to counties until their populations reach 150,000.
The following are totals that each county is scheduled to receive:
• Bradford: $15,093.45
• Columbia: $42,992.68
• Dixie: $24,196.21
• Gilchrist: $44,619.14
• Hamilton: $37,943.47
• Jefferson: $9,223.41
• Lafayette: $77,306.21
• Levy: $25,108.88
• Madison: $20,464.85
• Suwannee: $30,429.59
• Taylor: $18,967.43
District staff will distribute PILT payments to the county commissions from July through August.