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County may see the return of PILT funds

January 28, 2014 • Uncategorized

Chaves County may see a return of some $2.8 million in funding that it receives each year from the federal government to offset losses in property taxes for federal lands within its borders.

The Payment in Lieu of Taxes (PILT) funding was included in a massive, 1,000-page farm bill that includes money for crop insurance, higher rice and peanut subsidies for Southern farmers and the renewal of PILT payments for Western states.

The House of Representatives is expected to consider the legislation today. Passage of the $100 billion-a-year spending bill, that would still need support in the Login to read more

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