Monday, September 1, 2014
Inquirer Daily News

Podcast: Maybe nonprofits will start chipping in for services more now

Will the city soon reap millions in voluntary payments from nonprofits?

Podcast: Maybe nonprofits will start chipping in for services more now

Penn´s campus
Penn's campus

Will the city soon reap millions in voluntary payments from nonprofits?

Currently, many nonprofits are exempt from paying property taxes. But they used to chip in anyway. In 1995, the city took in more than $9 million annually from voluntary "payments in lieu of taxes," or PILOTs. But then a 1997 state law made it more difficult for the city to negotiate PILOTs, and in 2011, the city received only $383,700 from the agreements.

A state Supreme Court ruling just came down that changes all that, though, and legal experts say that PILOTs are going to make a comeback. In today's podcast, WHYY producer Elisabeth Perez-Luna and I discuss the major change.

Check out the It's Our Money podcast.

About this blog
Every year, city government spends slightly more than $4 billion. Where does all that money come from? More importantly, where does it go? Are we getting the most bang for our tax buck? “It's Our Money” is a joint project between Philadelphia Daily News and WHYY, funded by the William Penn Foundation, designed to answer these questions.

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