AES  Tax Cut PILOT Facts

a. Through Political connections the AES Somerset Coal Plant received an “illegal” tax cut Pilot from the Niagara County IDA worth $94.6 Million over 12 years ($43 million with no tax rate inflation). 3 taxing jurisdictions are suing the IDA over the PILOT with over 20 causes of action calling the PILOT illegal.

b. No Jobs, No Constructions, No Added Value to Niagara County Tax Payers.

c. County Tax Bills alone will rise 3.5% next year due to this PILOT and will continue to increase County Taxes each and every year. $30/850 = 3.5%.

d. Working Families, Senior Citizens, and Small Business Owners pay 3 to 5% of their full and fair Assessed value in Property Taxes. AES Somerset will pay 1.4% of their full and fair Assessed value. Is that fair taxation?

e. The Plant’s Assessed Value has been shown by 2 outside experts to be over $1 billion. $1 billion is what it cost to build. IS YOUR House assessed less than its cost to build or buy?? AES needs to pay their fair share and nothing more.

f. IF the IDA gives away $1 million in tax revenue, then 60% or $600,000 is lost to local School causing higher School taxes for Homeowners. Ask your local Town Assessor how many PILOTS there are in your school district.