New Haven's City Budget Relies on an Unreliable Source of Income

New Haven Advocate | May 20, 2008
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

Since 1975, the New Haven Advocate has served as both the cultural guide and the main source of investigative journalism in the area. It has broken major stories about municipal corruption, brain cancer at Pratt & Whitney and predatory debt...
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