THA Presents T'ville w/ FY'16 PILOT Funds

THA Presents T'ville w/ FY'16 PILOT Funds

The city of Titusville is in receipt of a check from the Titusville Housing Authority for just under $19,000.  The amount represent  the annual Payment in Lieu of Taxes THA makes to the city.  Over the last 7 years the amount of money provided to the city from the Housing Authority under the PILOT program is nearly $181,000. The most current figure covers the Fiscal Year 2016 time period.  The figure is arrived at by first

calculating the total rent paid during the fiscal year, and subtracting the

utilities cost for the building.  From there the PILOT funds are calculated

at 10 percent of the difference.  

Last modified onThursday, 20 April 2017 11:48
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