Hackensack Says PILOT Audit Found at Least $5.4 Million in Unclaimed Revenue
The City of Hackensack announced on June 25, 2026, that an audit of long-term tax-exemption agreements had identified at least $5.4 million in unclaimed Payments in Lieu of Taxes, commonly called PILOT revenue. According to the City, the review examined developer-submitted financial audits and the terms of individual financial agreements covering several luxury rental developments. […]
