Alaska to get more payment in lieu of taxes this year
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.