The New Jersey Devils and Vancouver Canucks are going in very different directions. Well, we hope they are going in different directions. Both teams are currently in the same spot: home. Watching the playoffs on TV. Both also ended the tenure of their GMs, although Jim Rutherford is still in the seat.

The Canucks seem like they know what the path forward is, and it involves a rebuild. Quinn Hughes was traded for a haul. Elias Pettersson has been on the trade block for two years. Everything in Vancouver is available, as long as they hit the cap floor. 

One player who is really interesting is Brock Boeser. He’s a former 40-goal scorer who hasn’t been that guy for two years. He seems very similar to Timo Meier, who is also a 40-goal scorer who has struggled to get back to 30 goals. 

One might think that the Devils should have no interest in another player who is paid like he’s a 40-goal scorer when he’s actually a 25-goal scorer. That’s Boeser. 

The difference is that Meier is a hard-nosed player who adds more than scoring to the lineup. Boeser isn’t a one-trick pony, but he’s also not a “lot of tricks” pony. Boeser needs to score to be effective, and he’s not scoring enough.

That’s why, one year after signing him to a seven-year deal worth a little more than $7 million per season. 

Many believe the Canucks only re-signed Boeser in a last-ditch effort to keep Quinn Hughes, but it was never going to work. Now, they are stuck with a pretty bad contract. Boeser still has some value, so many are looking at who might trade for him. 

Brock Boeser still doesn’t make sense for the New Jersey Devils

Michael DeRosa with the Sporting News says the Devils are one of three teams that could trade for Boeser. His reasoning includes the Devils’ disappointing finish and Boeser’s possible fit on a line with Jack Hughes and Jesper Bratt. 

Boeser does have a similar impact profile as Tyler Toffoli, who has been the best fit next to Hughes since he joined the league. 

However, the Devils can’t afford to pay Boeser his price, even if the Canucks retain $1 million for the life of the deal. The only way this works is if the Devils essentially sell on a lost asset. If the Devils can trade Jacob Markstrom for Boeser, maybe Sunny Mehta would consider it. 

Without a considerable trade going the other way, the Devils wouldn’t even consider trading for Boeser. This isn’t how to start the Mehta era in New Jersey.

In New Jersey, public libraries are treated as civic infrastructure under state law. They are primarily funded by a mandatory municipal tax under N.J.S.A. 40:54-8, known as the “1/3 mill” formula: 33 cents for every $1,000 of a municipality’s equalized, or true, property value. This minimum must be raised annually for library operations, regardless of local budget pressures.

Many municipalities choose to fund their libraries above this minimum. Libraries often receive additional support from grants, donations, and Friends of the Library groups.

But in municipalities like Princeton, where developers are receiving tax abatements known as PILOTs, or Payments in Lieu of Taxes, that baseline funding can be slowly and quietly eroded.

Under a PILOT agreement, a developer pays the municipality an annual fee instead of conventional property taxes. These agreements can last up to 30 years. The fee is typically far less than what full taxation would generate, and it flows directly to the municipality. The county receives 5 percent. The library receives nothing.

That matters because the 1/3 mill formula runs on equalized property valuation, which is the total taxable value of assessed property in a municipality. When a large apartment complex receives a PILOT, the building’s value is exempt from assessment. Only the land beneath it remains on the tax rolls. A development worth $60 million might contribute the taxable equivalent of a modest vacant lot.

The result: as a town grows — new buildings rising, new residents moving in, new cardholders walking through the library’s doors — the funding formula can stagnate. The tax base the library depends on reflects a version of the town that no longer exists.

The gap has drawn some legislative attention. A 2022 bill proposed adding the value of PILOT-exempt properties back into the equalized valuation used for state aid funding calculations, an acknowledgment that the standard formula fails to account for the full scale of development in PILOT-heavy municipalities. The bill never made it out of committee.

On this episode of New Jersey Politics with Laura Jones: Princeton University students, led by the Whig-Cliosophic Society, NAACP Princeton Chapter, and Vote100, host a non-partisan forum for Democratic candidates vying to replace retiring Rep. Bonnie Watson Coleman in NJ’s 12th District. Student leader Alejandra Ramos joins us. Plus, Assemblyman Mike Inganamort explains why Governor Mikie Sherrill’s proposed shift from “net” to “gross” business taxation could impact small businesses operating on thin margins.