BigWind tax loss hits county, SCHOOL districts

Ohio should learn a lesson from the mistakes in California. Our schools cannot afford to make these mistakes! What will happen in Paulding county when these realities hit? Van Wert schools must be thankful that they don’t receive a dime from the turbines just North of the city.  The facts, below, expose 2 dirty truths about these wind sites. OUR tax dollars PAY them, in year 1, for producing nothing- we pay them for merely existing!  Secondly, they rarely produce what they ‘claim’ they will produce. In fact, in Ohio, they produce less than 30% of what they ‘claimed’ before they ever started spinning. Why should our tax dollars be wasted on an industry that fails to deliver results? Why should our tax dollars be wasted on foreign-owned companies? These facts should outrage anyone with a brain who works for a living….Thank heavens our Ohio legislators enacted Senate Bill 310 this year which ‘freezes’ our renewable energy mandates for evaluation…..

A sudden and dramatic drop in the value of Kern County’s massive wind energy farms will strip millions of dollars out of government coffers this fiscal year.

The Kern County Assessor-Recorder’s office has warned county officials that they expect to drop wind energy property value by $777 million less than three months into the fiscal year.

County budget officials estimate that will strip $1.8 million from the county’s main operational fund and $900,000 from taxes used to run the Kern County Fire Department.

Other governments — cities and schools and special districts — could also lose revenue.

The impact on local districts whose territory includes wind farms — including Tehachapi Valley Recreation and Park District and Tehachapi Unified School District — was not immediately available before deadline….

Assistant Kern County Administrative Officer Nancy Lawson said the county budget is expected to lose around $2.7 million….

The county builds a cushion into its spending plan for changes in tax values, she said, and that cushion is big enough to handle the shortfall.

But that money is usually used to pay off property owners who win a legal appeal with the county over the size of the property tax bill.

This, however, is a permanent change to the value of wind energy developments.

Lawson said the county will have to absorb that reduced revenue into all future budgets….

Ansolabehere said the drop in wind energy values came for a number of reasons.

In the first year that a new wind energy project is active, he said, the operator gets a check from the federal government that covers 30 percent of its value.

That check doesn’t come in the second year.

So, Ansolabehere said, the value of a wind project often drops dramatically in the second year.

The other major reason valuations have dropped, he said, is that some projects are not producing energy at the level they were expected to…

“After they are operating for a few years you can see whether they are producing better or worse than expected,” he said.

But, on the whole, production is less than predicted.

 

Wind tax loss hits county, districts – TehachapiNews.com.

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