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Debate over PILOT revenue sharing: municipalities warn of development impacts as school advocates seek transparency
Summary
S1807, which would require municipalities to share certain payments in lieu of taxes with school districts and give boards a role in negotiations, was amended and released; municipal groups cautioned it could blunt economic development and asked for fiscal analysis.
The committee amended and released S1807, a bill that would require municipalities to share certain payments in lieu of property taxes (PILOTs) with school districts, expand notice and information-sharing requirements, and specify that school superintendents lead negotiations on behalf of boards of education.
Lori Buckalew of the New Jersey State League of…
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