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Pecos City Council waives city portion of 2024 PILOT for Housing Authority after presentation
Summary
Pecos Housing Authority director presented the authority's 2024 annual report and requested a full waiver of the 2024 payment-in-lieu-of-taxes (PILOT); the council voted to waive only the city's share and asked the authority to seek waivers from other taxing entities.
John Salcedo, director of the Pecos Housing Authority, presented the authority's 2024 annual report and asked the Pecos City Council to waive the 2024 payment in lieu of taxes (PILOT) for the authority.
The housing authority requested the full PILOT be waived so it could reallocate about $42,000 that would otherwise be paid this year toward capital projects such as window replacements. "Those kind of funds, we could use it back into our complex," Salcedo said, noting the authority had saved approximately $456,000 for the East Side window replacement project and that rents and subsidies are largely set by HUD formulas.
The council clarified that it does not have…
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