Thursday, November 20, 2008 Bingaman Announces Final PILT Funds for New Mexico Counties WASHINGTON -- U.S. Senator Jeff Bingaman today outlined county-by-county estimates for the Payments in Lieu of Taxes program (“PILT”) that provides crucial funding to New Mexico counties. Bingaman helped negotiate a proposal signed into law in October that fully funds PILT for the next five years. PILT pays counties for federal lands within their borders that cannot be made part of their tax base. As a result of the legislation, New Mexico will get an additional $13.6 million for a total of $36 million – the largest amount of any state. The new law also expands the Secure Rural Schools program, which provides funding to schools in forested communities. “New Mexico counties fare very well this year with the additional PILT payments. And with our nation’s economy in distress, this increased funding couldn’t have come at a better time,” Bingaman said. “A number of experts have called for payments to counties as a key strategy to help stimulate the economy.” PILT funds had been awarded earlier this year. Below is the total amount counties will receive this year. In June, counties received initial PILT payments. Supplemental checks will be sent out in the near future; supplemental levels can be found at the following website: http://www.nbc.gov/pilt/pilt/search.cfm#search FINAL PILT County FY2008 Bernalillo $202,692 Catron $533,566 Chaves $2.7 million Cibola $1.7 million Colfax $157,994 De Baca $94,682 Dona Ana $2.7 million Eddy $3 million Grant $2.2 million Guadalupe $137,695 Harding $104,020 Hidalgo $734,610 Lea $957,240 Lincoln $1.689 million Los Alamos $78,399 Luna $1.689 million McKinley $932,857 Mora $248,488 Otero $2.988 million Quay $4,092 Rio Arriba $2.537 million Roosevelt $24,325 San Juan $1.959 million San Miguel $836,241 Sandoval $2.156 million Santa Fe $682,599 Sierra $1.225 million Socorro $1.494 million Taos $1.644 million Torrance $350,599 Union $130,036 Valencia $76,891 |
Contact “New Mexico counties fare very well this year with the additional PILT payments. And with our nation’s economy in distress, this increased funding couldn’t have come at a better time.” -Jeff Bingaman You Might Also Like
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