Tag: PILOT
Holmdel School Board OKs 7% Tax Hike as Township Bolsters Budget
HOLMDEL – Township officials are moving to purchase the board of education-owned Adeline “Addy” Holmes Lubkert property for $1.03 million, while also considering a possible renewal of the $600,000 shared services agreement to preserve courtesy busing, as the district approved a tentative $76.3 million 2026-27 budget March 25.
Budget Shortfall May Force Holmdel BOE to Outsource Custodial Jobs
HOLMDEL – As budget season begins, the Holmdel Board of Education (BOE) faces a deepening financial crisis.
Holmdel Approves Tax Break for Proposed Azura Senior Project
HOLMDEL – The township committee unanimously approved a Payment in Lieu of Taxes (PILOT) agreement for Urban Renewal LLC, advancing redevelopment of the former Vonage property into a 300-unit senior housing community called Azura at Holmdel.
Eatontown Poised to Approve $47M Netflix Payment in Lieu of Taxes
EATONTOWN – As the borough council moves closer to approving a 30-year Payment in Lieu of Taxes (PILOT) arrangement with Netflix Studios Fort Monmouth, Eatontown officials are contemplating local projects the initial payments could fund.
School District Requests Share of PILOT Funds from Red Bank Transit...
RED BANK – Officials from the Red Bank Regional High School District (RBR) have formally requested a share of the payments in lieu of taxes (PILOT) funds from the borough as part of a proposed transit village plan, which would redevelop the area surrounding Red Bank’s train station and bring in hundreds of new residents.
