Galloway & Stockton University Reach 15-year PILOT Agreement; Over $300,000 Per Year

Galloway Township and Stockton University have teamed up once again for a third agreement for voluntary financial contributions for the Seaview Country Club property located on Route 9. 

Since 2011, the Township has received over $300,000 per year in voluntary contributions that offsets the taxes the Township would have lost with Stockton's tax exemption status.  Those agreements were for 3-years, expiring December 31, 2016.

On December 13, 2016, the Township signed their third agreement, this time for 15-years with Stockton University.  The Township has guaranteed revenue from Stockton University till 2031. 

AtlantiCare Agrees to 10-Years of Voluntary Financial Contributions to Galloway Township

Photo Credit: Atlanticare.org

In just a little over eight months, the Township of Galloway approved a voluntary financial agreement with AtlantiCare that will guarantee revenue for the Township until 2026.

In a Community Service Contribution Agreement, AtlantiCare has agreed to make voluntary contributions to the Township in excess of $200,000 per year for 10-years.

AtlantiCare Regional Medical Center located on Jimmie Leeds Road is currently exempt from paying property taxes. Residents previously voiced their concerns of the public resources utilized by the hospital, yet property taxes could not be collected.