Franklin County proposes changes to TransCanada TIF agreement
Will Kibby live forever ?
With the county expected to reach $4 million revenue cap this year, proposed changes to the deal would lengthen the terms to 30 years, remove the cap and broaden how the county could spend the generated money.
FARMINGTON
Proposed amendments to Franklin County’s
tax increment financing agreement with TransCanada Maine
Wind Development aim to capture more tax money from the company’s
Kibby Mountain wind turbine project and broaden the category of projects the county
can use the revenue for.
► Source◄
Views: 178
Comment
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Comment by Long Islander on August 15, 2016 at 12:05am
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Maine TIF law allows billions in business property taxes to be diverted (Maine Center for Public Interest Reporting)
http://www.windtaskforce.org/profiles/blogs/maine-tif-law-allows-bi...
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Comment by Eric A. Tuttle on August 14, 2016 at 9:22am
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@Dan McKay: Yes they get those committees in Augusta by request and also manipulate who the other committee members are, hoping they the newbies are so uninformed as to go with the flow and allow passage of a profitable pet bill. This was the appearance of what Dion was trying to accomplish, until it became obvious that the Legal advisor to the committee had all but re-written for the corporations the proposed statute. (caught) (abandoned attempt) It never made it out of committee.
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Comment by Dan McKay on August 14, 2016 at 8:12am
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Cleveland sat on the EUT committee lobbying for wind. Now, we know why.
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The reason the $4 million cap was reached so quickly was due to the County budget increases which raised the tax bills on all property owners. Now, with 100% capture, the people receive no break from this project( although the project owner does) The government has created a way to grow bigger by giving the taxpayer the shaft. By the way, wind projects will make the electric rates paid by the people soar.
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This article states the TIF generated $422,000 for Franklin County ( not one cent went to the pocket of property taxpayers) Actually, more went into Cleveland's pocket than to taxpayers. It also states the captured amount will go from 75% to 100% with the credit enhancement proportions remaining the same which means TransCanada gets more tax money returned to them as the taxpayers will get not a penny back to their pockets. The TIF scam lives on.
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Comment by alice mckay barnett on August 13, 2016 at 6:23pm
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scenic byways a joke
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Comment by Paula D Kelso on August 13, 2016 at 5:36pm
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I wish they'd given actual dollar amounts and not just percentages in describing the TIF. To let everyone know just how much money TransCanada is getting in tax rebating each year from the County. If the County tax is $4,000,000 and they get 40% back, that's $1,600,000 refunded. I don't like the developers getting the tax money instead of Maine towns and counties. TIF's were supposed to be a means for Maine counties and municipalities to develop their communities, not destroy them.
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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