PILOT Taxation

To the Editor:

I have been thinking about my Director of Development tour and the saloon keeper’s suggestion that Casella pay ½ his profits in lieu of taxes … that’s called PILOT (Payment In Lieu Of Taxes) taxation. Littleton just negotiated one with their largest (25%) taxpayer (Moore Dam) and Bethlehem already has White Mountain School ($6,000,000 exemption,$30,000 tax), NFI North ($4,000), Sr. Housing($6,000) and SPNHF($8,000).

A good idea that I rejected too quickly. Here’s the new DOD’s 1st negotiation: “Hi, you’re the new golf course guy … tell me about your plans.” GCG (golf course guy): Well, you guys sold about $300,000, spent about $300,000 … I think I can do better, say, $500,000 in, $250,000 out and I’ll be glad to give you ½, say $125,000 per year for the next 20 years, a $2.5 million deal. Furthermore, I suggest giving free golf to all Bethlehem residents so the monthly payment starting Jan 2, 2020 will be only $10,000.” DOD: “Sounds fair to me … Let me tell you what I did for the town.”

“I’m in the libation business and plan to sell about $1 million/year, spend about $500,000 and I agreed to give half to the town $250,000 per year and give all Bethlehem residents free beer service. Here’s a copy of my last month check for $20,000 … all the current businesses agreed to do the same and I’m having no problem selling new prospects on the same deal.

Bethlehem is a great town, we’re growing like crazy and we got rid of that “rapist” who was ruining our image.”

My new DOD has 2 down … 38 to go and he reminded me of another conversation … Good Friend (RR) hates Casella, but if he pays off Bethlehem’s remaining share of the Profile Bond, I can have his vote. I wasn’t quick enough to do the calculation: $54 million divided by 20=$2.7 million/year= $225,000/month X 7 to cover $1,584,000 pay off by July of 2020 when next payment due.

Cliff Crosby

Bethlehem, New Hampshire


(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.