Payments In Lieu of Taxes


City Budget: Has David washed his hands like Pontius "Pilot" Payments In Lieu of Taxes

Dear Editor:

It is rare these days I agree with anything Mayor David Roberts does. His recent reversal of his position on Payments In Lieu of Taxes (PILOTS), places us in agreement on how to lower property taxes, lower rents determined by property taxes and increase ratables in Hoboken. Increased ratables have always been a sound method of holding the line on property tax increases. The greater the ratables the larger amount of taxes paid by developers and large projects instead of individual homeowners or those with a small number of apartments to rent.