Number
231185
Version
SUBSTITUTE 1
Reference
230001
Sponsor
ALD. COGGS AND CHAMBERS, JR.
Title
Substitute resolution directing the Department of City Development and Assessor's Office to work with the Department of Administration, Mayor's Office, and other relevant parties to redesign the City’s PILOT program.
Analysis
This resolution directs the Department of City Development and Assessor's Office to work with the Department of Administration, Mayor's Office, and other relevant parties to redesign the City’s PILOT program.
Body
Whereas, Wisconsin law defines properties eligible for tax exemption, and owners of properties that meet the legal criteria for exemption are not required to pay local property taxes; and
Whereas, Under state law, exempt property owners may choose to make a “payment in lieu of taxes”, or PILOT; and
Whereas, These payments acknowledge that, while tax-exempt owners are not required to pay taxes, they nevertheless benefit from local government services they receive, and choose to support through the PILOT payment; and
Whereas, Currently, the City has a number of PILOT agreements, including agreements with the Housing Authority of the City of Milwaukee, Milwaukee School of Engineering and Wisconsin Center District; and
Whereas, Despite the City’s current portfolio of PILOT agreements, the program remains under-utilized, particularly when compared to programs in cities like Boston; and
Whereas, The 2024 Budget was adopted by Common Council File Number 230001 on November 3, 2023; and
Whereas, Amendment 3 placed a footnote in the 2024 Budget directing the “Department of City Development and Assessor's Office to work with the Department of Administration, Mayor's Office, and other relevant parties to redesign the PILOT program”; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Department of City Development and Assessor's Office to work with the Department of Administration, Mayor's Offic...
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