folc.ca's comment on HAZCO's answer to FAQ #31
Note: The background text in the following was copied from the Frequently-asked Questions page at HAZCO's website, Nov. 2, 2005. HAZCO's answers to "frequently asked questions" deserve further comments. Those comments are inserted where required in HAZCO's text and are shown on yellow background.
From HAZCO's FAQ web page (quoted verbatim):
FAQ #31. How significant will this project be to the local tax base?
The estimated taxes for the proposed project will be approximately $100,000. This value is based on a preliminary estimate and would need to be finalized based on a formal property tax assessment of the site.
The tax amount HAZCO refers to is an annual tax figure. It cannot be expected that the County of Lamont can retain more than$60,000 to $65,000 of that annual tax income derived from the HAZCO sulphur plant (e. g.: The Industrial Heartland Development Association receives a good cut from that tax income).
It seems that the costs of maintaining the County's infrastructure in the face of increased traffic loads posed by traffic to and from the HAZCO site can be expected to be far in excess of the pitifully small amount of taxes raised from a prime area of industrial land that would be far better to be put to use for purposes far better than the disposal of a hazardous waste like sulphur.
There is a more detailed discussion of what the tax revenues would mean within the context of the impact HAZCO's sulphur plant would have on our County and our future. Check FAQ #11.
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Created Nov. 4, 2005