Tuesday, February 4, 2020

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/

2 comments:

  1. A perfect illustration of be careful what you wish for. Also for not taking on housing projects that don't pay their fair share. Do you know when the next meeting is? Never mind I will check the town website.

    ReplyDelete
    Replies
    1. Always a good idea. You can sometimes see a playback of these meetings as well http://www.townofcortlandt.com

      Delete