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 |
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?] “.