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Commission budgets $1.57 million in PILT funds for housing development division and economic development dialogue
Summary
The Board approved a financial resolution to budget $1,567,937 from PILT balances for a new housing development division and a countywide economic development community‑dialogue process; the motion passed 3–1.
Bernalillo County commissioners approved a financial resolution on May 13 to budget $1,567,937 from payment‑in‑lieu‑of‑taxes (PILT) balances to support a newly created housing development division and an economic development community‑dialogue process.
Carolyn Tobias, the county's economic development manager, told commissioners the sum reflects returned and unspent PILT funds including a Flagship Foods industrial revenue bond clawback and $251,200 returned from the Albuquerque‑Bernalillo County Water Utility Authority.…
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