Secretary of the Interior Ken Salazar Announces $381.6 Million PILT Payments.
Secretary of the Interior Ken Salazar announced today that approximately 1,850 local governments with federal land in their jurisdictions will receive $381.6 million this year under the Payments in Lieu of Taxes (PILT) Program to help offset forgone tax revenue.
Topic: Secretary Salazar says funding PILT is part of President Obama’s efforts to help stand America up once again.
"This is part of President Obama’s efforts and the Department of the Interior’s efforts to help stand America up once again. We are in some difficult economic times. Local governments throughout the country are suffering from the fact that they don’t have enough revenue to fix their roads and take care of all the rest of their needs. These $381 million dollars will help 1,800 local governments across the United States of America."
Topic: Secretary Salazar says federal government keeping its share of the bargain.
"This has been a dream in the making for a long time, because for year after year the federal government has refused to keep its share of the bargain. For the first time now, the federal government will keep up its share of the bargain, which means that we will be funding payment in lieu of taxes to help local governments take care of these needs."
Topic: Secretary Salazar says PILT will be a shot in the arm for many local communities.
"There is a great pain going on across America with the economic recession that we have inherited. This is one way in which we can give local governments a shot in the arm to help stand up this country once again at all levels."