Government budgets across the country are feeling the crunch. Thatís true for the city of Hartford, too.
Earlier this year, when Mayor Pedro Segarra presented his budget that closed a roughly $50 million deficit, he included $1 million in new revenue from what he calls a voluntary PILOT program.
Hereís how it works. About half of the value of real estate in the city isnít taxable because itís owned by either non-profits or the state. So Segarra wanted to reach out to some of those non-profits and see if theyíd give some cash back to the city on a voluntary basis.
This week, Segarra updated the city council on his progress. So far, heís had conversations with non-profits such as Trinity Colelge, Hartford Hospital, St. Francis Medical Center and the University of Hartford. Segarra says he thinks heís making some inroads with some of them, but that heís not go firm commitments in hand just yet. Either way, he says heíll figure out a way to fill that $1 million budget hole.