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Hackensack Issues Ultimatum to Delinquent Developers: Pay Millions in Owed PILOT Revenue by August 28 or Face Tax Revocation

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Hackensack Sets Strict August 28 Deadline for Developers Owing $6.7 Million in PILOT Revenue

the staff of the Ridgewood blog

HACKENSACK, NJ — The City of Hackensack has officially issued final written termination notices to delinquent property developers, setting an August 28 deadline to collect over $6.7 million in overdue Payment in Lieu of Taxes (PILOT) revenue and accrued interest.

Continue reading Hackensack Issues Ultimatum to Delinquent Developers: Pay Millions in Owed PILOT Revenue by August 28 or Face Tax Revocation