Tipton Announces Historic PILT Funding for 2018
WASHINGTON, D.C. – Congressman Scott Tipton (CO-03) announced that the state of Colorado will receive approximately $40.1 million through the federal Payments in Lieu of Taxes (PILT) program for fiscal year 2018. This is the largest amount of money ever allocated in the program’s 40-year history.
“Many counties in Colorado’s Third District have broad expanses of non-taxable public lands and PILT helps to bridge the budgetary challenges created by the inability to collect tax revenues,” said Tipton. “I look forward to seeing these resources go back to communities in Western Colorado and support essential services such as education, infrastructure, and law enforcement.”
A county-by-county breakdown of PILT awards for Colorado can be found here.
The federal PILT program reimburses local governments for losses in tax revenues that are experienced due to the presence of large areas of non-taxable public lands.
The Department of Interior collects more than $9.6 billion annually from profitable activities on public lands. A portion of these revenues is shared with the states and counties. The balance is deposited in the U.S. Treasury, which in turn pays for various federal programs, including PILT.
Tipton has long been an advocate for the PILT Program. Last year, he wrote a letter to leaders of the House Appropriations Committee pushing for PILT to be a priority in 2018.
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