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Luzerne County approves Tenor Health PILOT and moves forward on bond financing; council seeks more buyer details
Summary
Council approved a payment-in-lieu-of-taxes agreement and voted to authorize up to $72 million in bond financing for Tenor Health, while counsel and members asked for clearer breakdowns of the purchase price and which facilities the authority's bonds will serve.
Luzerne County Council on its voting agenda adopted a payment-in-lieu-of-taxes (PILOT) agreement with Tenor Health Foundation Inc. and moved forward with a related bond financing package to support proposed hospital acquisitions and upgrades.
The PILOT resolution (agenda item 10) was described during discussion as an agreement that would provide the county a multiyear payment rather than property tax revenue from Tenor's tax-exempt facilities; an unnamed council member noted a proposed $850,000 commitment spread over four years and urged consideration of a graduated schedule so the county's tax base is not suddenly reduced. The council adopted the PILOT resolution by roll call.
Council then considered a resolution authorizing the Northeastern Pennsylvania Education…
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