OSWEGO, NY – The Oswego Board of Education held a brief public hearing Tuesday evening regarding the proposed nuclear tax agreement.
One member of the public took the opportunity to speak to the board.
Prior to the hearing, Joe Shields, the district’s attorney in the matter, presented a quick summary of the deal.
The document is posted on the district’s website.
It is a three-year tax agreement, the attorney said. It runs from July 1, 2011 through June 30, 2014.
In the first year, the school district would receive $24 million. In the next year, it would receive $24.494 million. The district is slated to get $24.998 in the final year of the deal.
“It also ends the 2010 litigation which the school district commenced against the company (Constellation), the town (of Scriba) and the county challenging it …resulting in the company making a one-time payment to the school district in the amount of $226,697,” he added.
City resident Mike Goldych addressed the board during the public hearing.
“I rise to commend all of you for your diligence and fortitude resulting in a significantly improved agreement over what had initially been proposed,” he said. “I’d also like to remind you that since the agreement is a three-year agreement that when you are seeking to renew the agreement please recall that the two (nuclear) plants have recently received 20-year license extensions. So that is essentially, it equates to having an entirely new 40-year plant in your revenue stream without having to make any capital outlay to rebuild it.”
The resolution for the tax agreement between the OCSD and the nuclear facilities will be put before the board on Thursday at 6:30 p.m. at the Education Center, 120 E. First St.