The Netflix PILOT Explained — $47 Million, Schools & the Truth Behind the Deal
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Description
What does the Netflix PILOT really mean for Eatontown?
This episode breaks down the billion-dollar project’s financial structure, the $47 million in bond proceeds, how “Excess Municipal” funds work, and what it all means for taxpayers, schools, and future development.
You’ll hear the facts from the full council session—translated into plain English—with context, commentary, and community voices.
In this episode:
What a PILOT is and how New Jersey law splits the money (95% Municipal / 5% County)
Why schools aren’t written into the deal—but can still benefit annually
How the $47 million bond program actually works (and why it’s not a cash handout)
What “Excess Municipal” revenue means for Eatontown’s budget
How valuation uncertainty, tax appeals, and bond structuring protect taxpayers
Resident comments on arts, athletics, accessibility, and youth programs
What happens at Year 30 when the PILOT expires
Hosted by: Ali Mehdaoui
Show: Eatontown Voices
Produced by: The ME Studios, Eatontown NJ
🎥 Visit TheMEstudios.net
for production, podcast, and press services.
#EatontownVoices #NetflixPilot #Eatontown #NewJersey #Redevelopment #PublicFinance #LocalNews #CommunityImpact #TheMEStudios #AliMehdaoui

