Tuesday, February 19, 2019

Ohio Schools Await Financial Windfall from NEXUS Pipeline

From the Norwalk Reflector:
Area school districts in the path of the new NEXUS natural gas pipeline appear confident they will get new tax revenues beginning in 2020. 
Beyond that, there’s still uncertainty about what the net effect will be, as school districts such as Edison assume the state will cut school funding in response to the gas pipeline windfall. 
Late last year, gas began to flow through the 36-inch, 256-mile NEXUS natural gas pipeline, which runs from Kensington in southeast Ohio through to Michigan, passing through Erie and Sandusky counties. 
Several years ago, NEXUS published an estimate on the amount of ad valorem property tax revenues the pipeline would generate for local school districts and governments. 
Some of the biggest projected revenues for the first year of funding, which apparently will be 2020, are $3.6 million for Edison Schools, $735,200 for EHOVE, $1.4 million for Perkins Schools, $6.2 million for Margaretta Schools and $870,500 for Erie County.
Read the whole article by clicking here. 

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