The PILOT program providing property tax relief to local governments drew mixed reactions from seniors.
PILOT Program Will Provide Direct Payments to Local Governments for Several Construction Projects
The Payment In Lieu Of Taxes Program or commonly called as the PILOT program aims to provide direct payments to several local governments, which will allow funding for construction projects, including sewer and water systems.
With the launching of the PILOT program, a town and a developer will reach an agreement where the developer will pay lower property taxes to start working on projects in the partner town instead of paying complete taxes.
In return for the agreement, the PILOT program will reportedly allow the local governments to receive their funds in direct payments for 30 years, which will be a great opportunity for the town to gain their losses in property taxes.
READ ALSO: Proposal For Texas Property Tax Relief Spurs Tension Between Gov. Abbott And Lt. Gov Patrick
PILOT Program Receives Mixed Reactions from Seniors Despite Providing Property Tax Relief
Despite its intention to provide property tax relief to several local governments, the PILOT program received mixed reactions from different individuals and groups who will be affected by the program, Jersey Shore Online reported.
Following the launching of the PILOT program, several individuals will no longer be eligible for various federal benefits, including relief programs for veterans and seniors, which gathered several reactions, especially from the affected individuals.
READ ALSO: Harris County Low-Income Families To Receive $500 Monthly Payments For 18 Months Under Pilot Program
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