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Paoli council adopts ordinance directing electric and sewer PILOT payments to town general fund
Summary
Council passed Ordinance 2024-17 to add code sections authorizing payment in lieu of taxes from electric and sewer rates to the municipal general fund, consistent with IC 8-1.5-3-8(g).
The Paoli Town Council voted unanimously on Dec. 3 to adopt Ordinance 2024-17, which adds sections 50.17 and 51.46 to the Paoli Town Code to permit payments in lieu of property taxes (PILOT) from electric and sewer utility rates. Town Attorney Hunt Reynolds cited Indiana Code 8-1.5-3-8(g), which permits municipalities to set rates sufficient to cover tax-equivalent payments on utility property and to transfer those amounts to the municipal general fund if the legislative body so elects.
The ordinance follows existing Paoli Code section 53.01(C), which already requires the water department to make a payment in lieu of property taxes; the new sections extend that election to electric and sewer rates and charges. Council member Mylea Pluris moved the ordinance; the motion passed 5-0.
The transcript records adoption of the ordinance but does not include detailed fiscal projections or the exact schedule for transfers to the general fund. The town attorney indicated the town 'elects to pay the town' from electric and sewer rates as provided in the cited state code; the Council did not record additional administrative steps during the meeting.
