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TMLP approves $2,000,995 voluntary payment in lieu of taxes for FY2026
Summary
Commission accepted management’s recommendation and approved a voluntary FY2026 payment in lieu of taxes of $2,000,995 to the city, down from the city’s original request of $2,995,000.
The Taunton Municipal Lighting Plant Commission voted on Sept. 16 to approve a voluntary payment in lieu of taxes (PILOT) for fiscal year 2026 in the amount of $2,000,995, following staff review of the utility’s financial ability to make the contribution.
At the prior meeting, the city had requested a voluntary contribution of $2,995,000. Staff reported they reviewed financials and recommended a contribution that the utility could afford. A commissioner moved to accept the general manager’s recommendation for an amount in lieu of taxes of $2,000,995 for FY2026; the motion was seconded and approved by voice vote.
No additional conditions or payment schedule was recorded in the meeting transcript.
