Interior Secretary Sally Jewell says this year’s “payment in lieu of taxes” to Alaska will total $28.5 million for the current fiscal year. That’s $2 million more than last year.
The state is being compensated for 225,480,644 acres of federal land. PILT funds go directly to local governments for the tax-exempt federal land within their boundaries.
PILT is an important part of the budget for some cities and boroughs. The Matanuska-Susitna Borough will receive $3.45 million dollars in PILT. At the other end of the scale, Yakutat’s share is a little over $114,000.
Juneau’s portion of PILT is nearly $1.9 million.
- The 750-mile Race to Alaska is back for a second year as 43 teams of sailors, rowers and paddlers prepared to set off from Port Townsend, Washington at 6 a.m. on Thursday.
- Hydrokinetic technology developed in Alaska’s rigorous conditions will help researchers design systems that can be used worldwide.
- Ketchikan’s Britta Adams braved the cold ocean and strong tides recently to swim more than 10 miles of the rocky Wrangell Narrows.
- As stock markets suffer, Alaskans consider UK referendum vote impacts.