manich@leaderherald.com
JOHNSTOWN The Fulton County Industrial Development Agency board recently reviewed a 2020 Payment In Lieu of Taxes, or PILOT report.
“Each year, we monitor the PILOTs,” said IDA Executive Director James Mraz. “We have to make sure the companies are making the payments we require them to make.”
The agency board monitors all PILOT agreements it has on projects to verify that PILOT payments are being made per the agreements. Each year, the IDA sends a letter to every company it has a PILOT with asking that they fill out a PILOT report. The IDA also sends a similar letter to all local taxing jurisdictions impacted by an IDA PILOT. The information from local taxing jurisdictions is used to compare against the information received from companies.