Idaho To Receive $30M In PILT Funding For 2017

Idaho To Receive $30M In PILT Funding For 2017

PILT payments, which stands for Payment in Lieu of Taxes, are issued by the federal government each year as a way to offset losses from property taxes on federal land.

You can view a complete list of how much individual counties will receive HERE.

"As a kid who grew up in northwest Montana and whose sons graduated from the same high school as I did, I know how important PILT payments are to local communities that have federal lands", Interior Secretary Ryan Zinke, who was Montana's congressman before President Donald Trump appointed him to his current job, said in a statement.

He said this year's total PILT funding is a record $464.6 million.

"In Wyoming, PILT payments are crucial for counties to provide roads for our multiple activities, including public access to public lands", said Sublette County Commissioner Joel Bousman.

Stock Rating Update on the Shares of Frontier Commun Cp (FTR)
ILLEGAL ACTIVITY NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. Overland Advisors Llc decreased Frontier Communications Corp (Put) ( FTR ) stake by 89.37% reported in 2016Q4 SEC filing.

The money is paid to counties that have federal lands that are not taxable by local government, but create local services.

Through her role as chairman of the Senate Interior, Environment, and Related Agencies Appropriations Subcommittee, Senator Murkowski ensured the PILT program received $465 million, an increase of $13 million above last year's level, including a $734,000 increase for Alaska. "As ranking member on the Senate Appropriations Subcommittee that oversees the Interior Department's budget, I will do everything I can to ensure this program receives full funding going forward, so we can continue to support these counties for hosting valuable federal lands". More than 73 percent of Ravalli County's land mass is made up of federal ground.

The Mat-Su Borough and Kenai Peninsula Borough will receive the largest funding amounts with both getting more than $3 million each from the federal government.

Despite having nearly 1.5 million acres of federal lands, the less populated Rio Blanco County will receive about $553,000.