(More than likely, this explains the Ontario Liberals deep obsession to building more of these behemoths, when we already have a surplus of electricity in this province — DQ)
Tracy Moss — The News Gazette — November 23, 2014
In its first year on the property tax rolls, the California Ridge wind farm contributed more than $2.3 million to the coffers of schools, community colleges, counties, townships, libraries and fire districts in Champaign and Vermilion counties.
Nowhere was the wind farm windfall bigger than in Armstrong, where a school system which barely tops 200 students raked in more than $1 million in new tax dollars.
That’s more than a third of the system’s $2.9 million in total revenue last year. About $1.5 million of that was local property tax revenue.
Superintendent Bill Mulvaney said the wind turbines more than doubled the school system’s equalized assessed valuation.
“They have been a huge boon … and from a financial point of view, they will keep us alive for a minimum of 10 years,” said Mulvaney, who knew the big pay day was coming. (Continue reading here….)