PARSIPPANY — With a unanimous 7-0 vote (with 2 members absent), the Parsippany Board of Education has officially voiced its opposition to Mayor James Barberio’s PILOT (Payment in Lieu of Taxes) incentive program for residential developments.
The Resolution outlines several key objections, chief among them being the failure of PILOT agreements to consider their impact on the school district. Additionally, it highlights the Board’s contention that they are not entitled to receive any portion of the PILOT funds or any additional tax revenue resulting from the program.
The latest PILOT agreements approved by the Township Council include developments known as 2 and 3 Campus Drive and were passed in a manner that does not account for the impact of the PILOT agreements upon the Parsippany-Troy Hills School District.
The Board also directed the Communications Committee to develop and publish a statement relative to the impact of the expected increase in students from continued residential development on the Board’s policy. on class size, a decrease in funding for sports and extracurricular activities and the District’s music program, and the historical data from prior residential developments.
Click here to read a copy of the resolution.
