Property Taxes News: Should Town Hall Keep All The PILOT Money?

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The luxury Hilltop apartments will generate more than $663,000 in revenue for Verona in 2015.

Town trucks plow school lots. Town lawnmowers cut school grass. At the Town Council meeting on February 17, Town Manager Joe Martin claimed that the municipal government does $100,000 in work on behalf of Verona public schools each year that it does not bill to the Board of Education.

Post author By Rosy
Post date March 1, 2015

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This is a story about taxes, so it might get dry in spots. … Money that affects how much you will pay in property taxes and how much can be spent … New Jersey’s state comptroller took a sharp look at PILOT arrangements five years …

Article

The luxury Hilltop apartments will generate more than $663,000 in revenue for Verona in 2015.

Town trucks plow school lots. Town lawnmowers cut school grass. At the Town Council meeting on February 17, Town Manager Joe Martin claimed that the municipal government does $100,000 in work on behalf of Verona public schools each year that it does not bill to the Board of Education.

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first published: 2015-03-01 01:18:45[otw_is sidebar=otw-sidebar-11]