Bancroft PILOT Revenue Talks Underscore Increasing Operational Costs of Gov’t, Schools

Even retaining 95 percent of a proposed, 30-year, $18-million PILOT agreement for the redevelopment project, Haddonfield faces $20 million in sunk costs before shovels hit the dirt. Meanwhile, changes to the state funding formula are forcing job cuts in the local school district, making tax increases unavoidable even if PILOT revenues are sent to the schools. Sign in or subscribe to continue reading…

By Matt Skoufalos | August 15, 2025