Lohud editor alert

Let’s review ”  News of no state aid fuels blame and financial stress in debt-ridden North Rockland” (Published 6:00 a.m. ET Oct. 8, 2019 | Updated 7:47 a.m. ET Oct. 8, 2019)

My comments in bold

“A state Supreme Court judge ruled that two power plants owned by Mirant Corp., one in Haverstraw, one in Stony Point, had been drastically over-assessed. The community was enraged  at Mirant’s cut-throat tactics, spurred by deregulation in the energy industry. [were the tactics spurred by deregulation in energy industry, or was the enragement spurred by deregulation?] But the school district and local municipalities eventually agreed to a $275 million settlement to refund taxes.”

“The school district borrowed to pay its majority share and wound up owing $365 million in principle [principal] and interest. ”

“But in 2018, many [journalism shorthand for ‘this writer and his friends’] believed the time had come for a major state bailout. ”

“They say taxpayers are already overburdened, as the residential share of the tax levy rose from 40% in 2007 to 68% in 2017 [what is ‘residential share of the tax levy’?  How can reader decide or determine if this is too much or not enough?] “.

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