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January 23, 2020Metroplex: 68 PILOTs Generated $16.4 million in 2019
The Schenectady County Metroplex Development Authority provided its annual update on Payment in Lieu of Tax (PILOT) agreements. In 2019, 68 PILOTs generated $16.4 million for local governments and school districts in Schenectady County up from $15.4 million in 2018.
“We are pleased to provide this annual PILOT report,” said Ray Gillen, Metroplex Chair. “Our economic development team in Schenectady County continues to create new tax base. We are especially proud of the projects that replaced vacant buildings and blighted sites with new jobs and new tax revenue.”
