Bad deal for Jefferson County taxpayers
FRIDAY, NOVEMBER 13, 2009
Jefferson County homeowners, dairy farmers and small businesses will pay the price in higher taxes to subsidize tax breaks for developers of the Galloo Island Wind Farm under the terms of a tax agreement worked out with the Jefferson County Industrial Development Agency.
The county, town of Hounsfield and Sackets Harbor School District will lose out on tens of millions of dollars in property taxes on the nearly $500 million project under the terms of the JCIDA agreement with Upstate NY Power Corp. for payments in lieu of taxes.
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