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Commission approves PILOT outline for prospective employer after debate on term length and clawbacks
Summary
The board approved an outline for a payment-in-lieu-of-taxes (PILOT) incentive for a prospective automotive-related employer, discussing term lengths (5–20 years), clawback clauses and education-funding implications; commissioners said they will review the eventual contract before final approval.
The Lincoln County Board of Commissioners voted Feb. 17 to approve an outline presented by the budget committee for a payment-in-lieu-of-taxes (PILOT) incentive tied to a prospective employer.
Budget committee members explained a PILOT is a payment in lieu of taxes intended to attract industry or business and that the board typically reviews a contract between the…
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