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2007_0820_Packet
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2007_0820_Packet
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Roseville City Council
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SFCB -Pro,ject Plan for Development of PILOT for t1�e City of Sprin�field Pa�e 1 <br />I � <br />Part I: PILOTs and Program Options <br />�'�L,O�`s Defined <br />PILOTs are usually voluntary or negotiated payments made by tax-exempt organizations <br />or in some cases legislated payments by another govemmental entity to local <br />govemments. The payment terms of PI�Q'�s — as well as the types of payers and <br />recipients — vary widely from case to case. <br />The most significantF'xLq'�s are vo1�u�.�ary payments made by larger nonprofit <br />organizations. Thesepayments can be largely symbolic donations by a nonprofit <br />organizationto a jurisdiction from which the nonprofit is exempt �m taxes, or payments <br />to cover the cost of police, fire, snow removal or other local services the nonprofit <br />receives, or even major contributions that approximate or exceed what the jurisdiction <br />would collect from taxing the properiy to promote the fiscal security of the j urisdiction or <br />to fund a specific public initiative. Most of the time, the payments do not equal wk�at the <br />jurisdiction would collect if the property were taxed, but do provide at �east some relief to <br />the local govemment. <br />Some regionally well-��own PII,OTs include Harvard Uazvexsity's payments to <br />Cambridge and Boston, Massachusetts and Ya1e University's annual payment to New <br />Ha�en, Car�ecriaut. F{�r�ry,�x� paid Cambridge $1.7 mi�lzoaa in fiscal year 2004 on tax- <br />exempt properiy, and agreed in 1999 to pay Boston $40 million over 20 years for <br />property it owns in that city. Ya1e contributes more �ly�n $2 million per year to New <br />Havez� on tax-exempt properiy for fire services, in addition to paying taxes on non- <br />educational properiy. <br />State Programs <br />Some PII,OTprograms are sponsoredby state govei�uxa.ents. Connecticut's PII,OT <br />Program is considered by local officials as a�a�ode� for the nation. Connecticut's program <br />is one of only a handfnl. In every other state program, while there may be a partial <br />payment for lost taY revenues for state owned property, there is no state payment to <br />municipalitiesfor t�e revenue that would ha�e otherwise come in from private tax <br />exempt institutions. Additionally, it is the only PII,OT program that mandates <br />reimbursement at a high level. <br />In Connecticut, the state gova��z�aez�t makes direct payments to local govemments based <br />on the amonnt of propei�ty owned by the state or by nonprofit colleges and hospitals. The <br />state program pays a percentage of the taxes that would be paid if t�e properiy were not <br />tax-exempt: for example, up to 100 percent of the lost value for correctional facilities; up <br />to 65 percent for state hospital properiy; and up to 77 percent of the lost value for <br />properiy owned by private, nonprofit colleges and hospitals. <br />. J.F. Ryan Associates, Inc. September 16,2005 <br />
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