School Board Discusses Pilot Revenue Sharing with Mayor Law and Councilman Keating

Moorestown Township Public School District is actively pursuing a financial agreement with the local township regarding the sharing of Payment in Lieu of Taxes (PILOT) revenue, as discussed during the Board of Education meeting on August 26, 2025. The board emphasized the importance of this revenue for supporting district operations, particularly in light of future financial projections related to the Pearl project, which is expected to generate significantly higher revenue.

During the meeting, board members acknowledged the presence of local officials, including Mayor Law and Councilman Keating, and expressed gratitude for their ongoing discussions about PILOT revenue sharing. The board had previously met with township leaders over the summer to review financial statements and discuss the potential for sharing approximately $31,000 in PILOT revenue, which they believed would be beneficial for the school district.

However, a recent communication from Mayor Law indicated that there is currently no agreement on the classification of this revenue, as it was stated that the $31,000 is not considered PILOT revenue. This discrepancy highlights the need for further dialogue between the school board and township officials to clarify financial matters and work towards a resolution.

The board remains hopeful for a proposal from the township to advance discussions that have been ongoing for over two years. As the school district looks to secure necessary funding, the outcome of these negotiations will be crucial for its operational support and future planning.