Nooganomics: Local Economy & Free Markets |
Our Jobs PILOT program has been around since about 1985. The City and County have approved about 100 PILOT agreements since that time. By Helen Burns Sharp / Accountability for Taxpayer Money About $400,000,000 in property tax revenue will not be collected because of these PILOTs. Some last as long as 30 years. In the last fiscal year alone, $26 million in city and county taxes were abated. According to a report done by a state agency, this is the largest amount forgiven by any Tennessee County, including the three urban counties that are larger than Hamilton. The City gets
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