Commission, school officials discuss PILOT money

Commission, school officials discuss PILOT money

April 12th, 2011 by Dan Whisenhunt in Local - Breaking News

As Hamilton County School officials meet today with the Hamilton County Commission, one topic of discussion is how the county will spend payment-in lieu-of-taxes money designated for schools.

PILOT agreements are property tax breaks that excuse companies from tax bills for a period of time except for the portion of the tax that goes to schools.

Commission Chairman Larry Henry said the money, initially designated for school construction, is not going to be enough to build schools. He said the money could be used to fund school emergency needs.

"I think when you get along those lines, you could look at that PILOT money for emergencies," Henry said. "One area that comes to mind would be textbooks."

Deputy School Superintendent Rick Smith asked how the schools could request money for these needs.

Henry said the requests would be made to the chairman of the commission's Education Committee, currently Commissioner Warren Mackey, who would bring the requests to the full commission.

For complete details, see tomorrow's Times Free Press.