How PILOT revenue flows in Jersey City
PILOT revenue: $4,000,000/yr
Based on % of gross revenue or project cost
City: $3,800,000
95% by state statute
County: $200,000
5% by state statute
City keeps: $3,420,000
90% of city's share
Schools: $380,000
10% allocated by JC since 2017
And money is fungible
The remaining $3.42M in city PILOT revenue creates fiscal space
The city needs less from the shared tax base, freeing additional capacity
for schools to collect their full levy from conventional taxpayers.
Schools set their own levy and receive 100% — regardless of PILOTs.