Buckeye Power has appealed their tax evaluation at the Cardinal Plant.
They wish to pay $3.5 million less in taxes per year than what they’ve been paying. And while their appeal is being heard they are legally allowed to pay the lower amount.
Wells Township expects to take a major hit financially, to the tune of roughly $690,000– essentially half of the Township’s annual budget.
This also affects the Buckeye Local School District as 50% of taxes paid by Buckeye Power go to the school.
Their plan is to meet with the Ohio Department of Taxation and legal advisers to figure out where to go from here.