AltWeeklies Wire
New Haven's City Budget Relies on an Unreliable Source of Incomenew
By statute, Connecticut is supposed to fund PILOT -- which compensates cities for tax-exempt property like hospitals, universities and schools -- at 77 percent of the real estate's full value. In New Haven, that adds up to big bucks. But PILOT's only been fully funded twice in the last decade.
New Haven Advocate |
Betsy Yagla |
05-20-2008 |
Policy Issues
