The municipality benefits from a PILOT because it is able to keep 95% of the revenue from the PILOT. In traditional taxation, Westfield only keeps 16% of the tax revenue, with the larger piece going to the school district (58%), the county (24%), the library, and open space funds. For example, if a property is taxed $10,000, only $1,600 of that is kept by the municipality. If under a PILOT agreement, that property only has to pay $8,000, Westfield would keep $7,600. This arrangement provides the Town with up to 30 years of consistent, recurring revenue.