
Nicholas Fulford
48:55 - 49:41
"a fixed revenue such as a volumetric tax or a PILT can work better for local communities because of the planning ability."
“a fixed revenue such as a volumetric tax or a PILT can work better for local communities because of the planning ability.”
So, so it's an interesting one. The, the PILT was fixed, and it depends, depends on whose evaluation you take, but the payment in lieu of tax was, was now, now fixed for 15 years. It runs to 2038, and depending on whose opinion you take, it's, it's either more or less than the property tax that would have resulted. But as I say, the lesson from it is that a fixed revenue such as a volumetric tax or a PILT can work better for local communities because of the planning ability.