Analysis/Recommendations thus far Level of agreement Other states’ research shows alternative methods vary from state to state, Research presentation – e.g.: DNR Property taxes paid, or a portion of property taxes that would be paid (WI, IN, ND, NE, IA) Based on proportion of land owned by the state (CT, NJ) Straight (flat) rates (UT, PA) Dedicated trust funds, established at the time of land acquisition, could Presentation by local fund PILT obligations with no general fund dollars. government representatives The formula for distribution of the payments to local units of government Analysis/Recommendations thus far Level of agreement The formula should not include school districts in the distribution (except Not sure – need to test for the Vermillion/Soudan distribution) There is concern that a distribution to school districts would be absorbed by Presentation on school the school funding formula, rather than distributed to the school districts funding formula where natural resources lands are located. (equalization payments)
Analysis/Recommendations thus far Level of agreement Other states’ research shows alternative methods vary from state to state, e.g.: Property taxes paid, or a portion of property taxes that would be paid (WI, IN, ND, NE, IA) Based on proportion of land owned by the state (CT, NJ) Straight (flat) rates (UT, PA) Research presentation – DNR Dedicated trust funds, established at the time of land acquisition, could fund PILT obligations with no general fund dollars. Presentation by local government representatives The formula for distribution of the payments to local units of government Analysis/Recommendations thus far Level of agreement The formula should not include school districts in the distribution (except for the Vermillion/Soudan distribution) Not sure – need to test There is concern that a distribution to school districts would be absorbed by the school funding formula, rather than distributed to the school districts where natural resources lands are located. (equalization payments) Presentation on school funding formula
pilt_report_synopsis_draft_072412.docx