It’s about that time. Time to worry about PILT money.
After seeing the federal payment in lieu of taxes (PILT) program receive a one-year extension early this year, local leaders are now looking out for more than the program’s continuance going forward.
County leaders in Western North Carolina breathed a collective sigh of relief after the 2014 Farm Bill was signed into law Feb. 7. The bill includes a one-year extension of the PILT program, which stands for payment in lieu of taxes.
From Clingmans Dome to Juneywank Falls to the winding Blue Ridge Parkway, Swain County is rich in natural beauty. But all that public land can make the budget tight for county government, which depends on property tax for much of its revenue.