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June 19, 2018
"We purposely set this out to be future PILOTS, so that when you're doing a PILOT with an IDA you know what the outcome will be if go to make a change in your assessment so that school districts, and more importantly our residents who have an expectation of what they would pay based on public disclosure and public budget process, have a fair way of making those decisions," said Assemblywoman Paulin, a member of the Assembly Committee on Education, discussing legislation she authored to ensure that adjustments to payments in lieu of taxes (PILOTs) based on a change of assessment do not affect school districts in the middle of their fiscal year. (A.7211-A)