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Vernon board members raise alarm over town's PILOT deal and possible cost to schools
Summary
During open board forum Vernon board members questioned a town council PILOT (payment-in-lieu-of-taxes) for a 27-unit development, saying developer figures (8 students at $13,000 each) may undercount district impacts and could force budget cuts under the district's capped revenue rules.
Board members used the open forum portion of the Vernon Township School District meeting to discuss a recent town council vote approving a Payment-In-Lieu-Of-Taxes (PILOT) agreement for a proposed 27-unit development and to flag potential fiscal and operational consequences for the district.
A board member summarized the council's action and the developer's estimates, saying, "At the end of 30 years, they're projecting $3,800,000 that will be the revenue for the town," and noting the developer projected the development would…
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