The Truth About PILOT Programs: Are They a “Tax Break” or a Community Lifesaver?
Frank Pallotta
’20, ’22 Republican House Candidate, NJ05
Wall Street Veteran
Ridgewood NJ, If you live in a town undergoing new development, you’ve likely heard the term PILOT (Payment in Lieu of Taxes). While it sounds like a complex financial buzzword, the reality is much simpler—and more beneficial for local residents than most people realize.
Continue reading Why Your Town Keeps 95% of the Cash: The Truth About PILOT Payments
