Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
State or Territory: | New Jersey |
Effected Jurisdiction: | Mount Arlington School District |
Jurisdiction type: | School District |
Fiscal year ending In: | 2019 |
Program name: | Payment In Lieu of Tax (PILOT)es (PILOT) |
Program purpose: | General Economic Development |
Statutory authority: | (not specified) |
Abating jurisdiction(s): | Borough of Mount Arlington |
Applicable taxes: | Property Tax |
Method of abatement: | Payment In Lieu of Taxes (PILOT) |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $156,135 |
Reimbursement / offset: | $150,000 |
Net revenue loss: | $6,135 |
Type of loss: | Passive |
Additional notes on dislosure: | During 2019, the School District received $150,000 from the Borough from the PILOT revenue recognized. |