“The PILOT has been a great way to get things done,” the mayor said. This year alone, more than $14 million in revenues will be generated with that amount growing to $31 million in the next five years, McCormac said. Since 2006, the township’s annual budget of $180 million has been bolstered by aggressive use of the state’s PILOT (payment-in-lieu-of-taxes) program. More than 30 developers have undertaken 6 million square feet of projects here, in the state’s sixth-largest municipality, whose 2017 population of 102,000 is expected to increase with a range of residential construction from affordable housing to luxury apartments. WOODBRIDGE – Outside of Jersey City, Woodbridge is redeveloping more than any municipality in the state and with 50 projects in the works, the most among suburbs, Mayor John E.
Watch Video: Walk through Avenel Performing Arts Center with Mayor John McCormac
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