Tuesday, October 17, 2006

New York

From the Buffalo News, a dispute involving a possible tax break:
The [Somerset] Town Board strongly opposes any property tax breaks for AES Corp., which is locked in a tax dispute with the town on its existing power plant and has made a pitch to build a second coal-fired power plant in Niagara County if it gets tax breaks.

A news release issued over the weekend asserts that tax breaks the company is seeking from the Niagara County Industrial Development Agency would "result in fiscal havoc and financial disaster for all of Niagara County."

But if the new plant is built, IDA Chairman Henry M. Sloma and AES President Kevin R. Pierce said, the town, the Barker Central School District and the county would receive more money from AES than they do now.

"When you bring on the second plant, everybody's numbers jump dramatically. That's the piece they're missing," Sloma said.

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