Mayor Garcia to roll out Payment in Lieu of Taxes (PILOT) policy for Tax Exempt property owners, beginning July 1
A policy designed to gain revenue from tax-exempt property owners was presented to a City Council subcommittee Tuesday. Known as a PILOT — Payment in Lieu of Taxes — the purpose of the policy is to bring in a portion of the money a tax-exempt property (for example, properties owned by non-profit organizations and quasi-public institutions) would … Continued