Lyon County to see $2 million from Interior Department payment in lieu monies
Submitted by Jeff Munson on Thu, 06/19/2014 - 7:13am
Nevada counties will receive more than $25 million in federal Payment in Lieu money from the U.S. Department of Interior, Sen. Harry Reid announced Thursday.
Among the counties to receive PILT money, Washoe County will receive $3,446,375; Lyon County, $2,080,651; Douglas County, $653,884; Carson City $120,016 and Storey County, $37,402.
PILT is paid to counties to compensate for the loss of tax revenue due to federal land ownership. The formula used to compute the payments is based on population levels, receipt sharing payments, and the amount of Federal land within an affected county.
In 2008, Reid spearheaded the legislation that fully funds PILT to ensure that Nevada’s rural communities have sufficient funding for important public programs, according to a news release.
“PILT funding has a remarkable impact for Nevada counties,” said Reid. “Over 85 percent of the land in Nevada is owned by the federal government, making it essential that Nevada receive its fair share. These funds support rural communities across Nevada in funding high-quality education, law enforcement, and healthcare systems. I have worked hard to make sure that these crucial programs are fully-funded, and I am grateful that Congress was able to extend these provisions this year. I will work to ensure PILT is again funded for this upcoming fiscal year.”
PILT is currently set to expire at the end of September 2014. The President’s FY2015 Budget Submission to Congress included a one-year extension of PILT and Reid will work for full-funding for PILT in FY 2015 and beyond. Under the current formula for the program, Nevada’s PILT payments rose roughly $2.1 million from $23.3 million to $25.4 million.
