Creative Commons
As municipalities across Connecticut continue to cut expenses to accommodate pandemic-related burdens, many are calling on the state legislature to provide much-needed assistance assistance they say has been owing for some time.
The state’s Finance, Revenue and Bonding Committee held a public hearing Tuesday for Senate bill 873. The bipartisan bill addresses property liens and tax consequences for employees working remotely. But more important, it also includes a three-tiered grant formula for PILOT, the state’s program that reimburses cities for institutions that don’t pay property taxes.
Tax-exempt properties include universities, hospitals and nonprofit organizations, and under the state’s current system municipalities should receive 77% of the revenue lost to these institutions. But due to a lack of program funding, many don’t. In fact, some report they receive about one-third of the expected reimbursement, according to the Connecticut Ex