It’s “not the first time it’s happened in state laws where the Legislature has an idea, but the follow through execution is not well addressed,” said Marc Pfeiffer
Topic
Montclair
School Tax Vote Sparks Affordability Debate in Montclair
“When some property values go up they eventually affect everybody, and that can result in gentrification and the loss of middle income homeowners,” Pfeiffer said.
Montclair PILOT ‘Sharing’ Measure Won’t Fly – But Town Considering Other Options
The inequitable sharing, Pfeiffer said, has a long history that favors municipal governments. This is because when initially established by the legislature, PILOTs were only available to Urban Aid municipalities, which would typically correspond with the list of then Abbott districts, where the state covered greater portions of school costs.