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Oswego Daily News

School District To Pay Back Indeck

At Tuesday’s school board meeting, the district approved a settlement of the tax challenge brought by Indeck-Oswego, seeking a reduction of the assessed value of the Oswego Steam Station. The assessed value will drop from $10,000,000 to $5,542,000 for tax year 2009-10; $3,500,000 for tax year 2010-11, 2011-12 and 2012-13, with refunds paid based on reduced assessments.

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