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Lilburn considers PILOTs, annexation and a TAD to diversify revenue
Summary
Council discussed alternative revenue strategies — occupation taxes, annexation negotiations with Porter Steel, Payment-in-Lieu-of-Taxes agreements through the Downtown Development Authority (citing a Range Water agreement providing about $450,000/year over 22 years), and a prospective Tax Allocation District along Highway 29 or Rockbridge industrial areas.
Seeking long-term revenue stability, the council examined several tools to reduce reliance on property tax.
Options discussed included negotiating annexation and occupation taxes with Porter Steel, pursuing PILOT agreements through the Downtown Development Authority for new downtown development (staff cited a Range Water PILOT that averages about $450,000 per year over 22 years), and exploring a Tax Allocation District to capture county increment funding for local capital improvements along Highway 29 or in Rockbridge industrial areas. Council treated these as planning concepts requiring further analysis; staff was asked to provide additional detail for later consideration.
No commitments, contracts, or formal authorizations were recorded during the work session.
