For Holmdel Township Committee
Allan Roth on the Regency PILOT Program
Did you know that Brian Foster voted to extend a property tax break to the Regency townhomes at Bell Works that recently sold for $1.5 million?
Because the tax break is technically called a PILOT, so it’s not property taxes, 95% goes to Holmdel Township, 5% goes to Monmouth County and nothing goes to the Holmdel school district.
The Regency PILOT payments are about $2.7 million for the past two years. The school district normally gets around 68% of Holmdel’s property taxes. This means $1.8 million is diverted from the school district to the Township Committee annually.
This allowed the Township Committee to have a slush fund to increase their spending while the school district is facing a $2.5 million deficit for the coming year.
On Day 1, if I am elected to the Township Committee, I will:
1. Leave the Regency PILOT program in place for existing homeowners
2. Work for a shared service agreement that will direct at least $1.5 million every year to the BOE
3. Study all options for changing the PILOT program for new owners on resales going forward
As a former NJ Deputy Attorney General and legal counsel to NJ municipalities and counties, I have over 30 years of experience in seeing how shared services and optimizing employees to provide efficient and cost savings.
More than ever, we need fiscal responsibility, transparency and accountability for our local government.
In November, you have a real choice. Vote Allan Roth for Holmdel Township Committee!
Holmdel's Property Taxes
Did you know that just this year alone, Mayor Brian Foster added a “Confidential Aid to the Mayor” at an annual salary of $93,000 and a position for an “Assistant Township Administrator,” which has no qualification requirements.
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Our property taxes have gotten out of control. More than ever, we need fiscal responsibility, transparency and accountability for our local government.
In November, you have a real choice. Vote Allan Roth for Holmdel Township Committee!
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