Resolution #2014-13: A Resolution Providing an Annual Payment in Lieu of Taxes (PILT) Payment to the City of Kupreanof for Fiscal Years 15 & 16 Because of Borough formation, the City of Kupreanof no longer receives PILT (Payment in Lieu of Taxes) funding. The City of Kupreanof asked the Borough to distribute the equivalent of what they would have received in PILT funds had the Borough not been formed. The last PILT payment to Kupreanof represented approximately .69% of the total PILT funds to the Borough. Approval of the Resolution would provide the City of Kupreanof with .69% pass though PILT funds for this and next fiscal year.

Committee

Borough Assembly

Introduced

August 28, 2014

On agenda

September 15, 2014

Passed

October 6, 2014