HEN HUD ALREADY FEELING FINANCIAL EFFECT OF INDIAN POINT CLOSURE

For those who have asked, part of Croton lies in the Hen Hud High School district.

EXAMINER NEWS--One of the two remaining nuclear units at Indian Point isn’t closing until April, but the Hendrick Hudson School District is already experiencing a financial aftershock.

“Reality is setting in,” Hendrick Hudson Superintendent of Schools Joseph Hochreiter remarked last week at a joint meeting of the New York State Indian Point Closure Task Force and Community Unity Task Force in Cortlandt. “We know a good deal couldn’t last forever.”

In the proposed 2020-21 budget, Hendrick Hudson will receive $3.9 million less from Entergy, owners of the plants in Buchanan. Despite utilizing $3 million for a state cessation fund and $1.4 million from fund balance, residents in the district are looking at an 8.7% tax increase when they vote on the $82.6 million budget in May.

The following year, Hendrick Hudson will be receiving about $10 million less from Entergy as the pilot program winds down.

Overall, when the pilot ends in 2025, the district is facing a $24 million hit, or 33% of its budget. The Village of Buchanan is set to lose $4 million, or 46% of its operating funds. The Town of Cortlandt will lose $800,000 annually, or two percent of its budget...................MORE AT https://www.theexaminernews.com/hen-hud-already-feeling-financial-effect-of-indian-point-closure/