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Jersey City PILOT Audit Looks to ‘Hold Every Developer Accountable for Their Fair Share of Taxes’

City officials say the audit will ensure the city is receiving the maximum amount of revenue according to each individual PILOT agreement and any additional revenue found will be transferred to the Board of Education.

Jersey City Mayor Steven M. Fulop Jersey City Mayor Steven M. Fulop

JERSEY CITY, NJ—After a Board of Education audit last year contended the city was and its school district were not collecting millions of dollars in revenue due to inaccurate Payment in Lieu of Taxes (PILOT) assessments, the city will be moving forward with an audit of its own.

Jersey City Mayor Steven M. Fulop has announced that the City of Jersey City will be moving forward with hiring auditors to review all historical PILOT agreements per the recommendation of the Board of Education forensic audit. City officials say the audit will ensure the city is receiving the maximum amount of revenue according to each individual PILOT agreement and any additional revenue found will be transferred to the Board of Education.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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