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Madison County’s $138 million boondoggle  

Credit:  Oneida Dispatch | www.oneidadispatch.com ~~

Within two weeks, Madison County and its quasi-government Industrial Development Agency (IDA) will approve the transfer of the Fenner wind farm to the IDA. The sole purpose of the deal is to subvert the tax law.

Madison County’s PILOT (Payment in Lieu of Taxes) will cost taxpayers $138 million over its life since it will apply to all wind farms in the county. PILOTS are one-time-only, 15-year deals used as incentives to create jobs. County documents show exactly one full time job and two contractor jobs were created in Fenner. The old PILOT that cost taxpayers $17 million expired.

There is absolutely no reason to renew these PILOTS and give billionaires even more. The CEO of Vestas Turbines was quoted in a magazine as saying incentives are no longer necessary.

In order to leverage its negotiating position, the Fenner farm filed a bogus lawsuit. That’s the IDA’s excuse for this bad deal. Jefferson County wrote a brief opposing settling such suits. Why give billionaires $138 million in corporate welfare to settle a lawsuit that, if lost, would cost a few hundred thousand?

Cuomo will not save taxpayers from the IDA because renewables are a cornerstone of his anticipated 2020 presidential bid. So who do we hold accountable at the ballot box? Madison County Supervisor John Becker is seeking re-election this fall.

State Assemblyman John Salka will face re-election next fall. Besides being an assemblyman, Salka is a member of the IDA’s board of directors.

Al Szablak

Source:  Oneida Dispatch | www.oneidadispatch.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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