Cost of power to surge

Cost of power to surge

There are 1 comment on the The Times-Tribune story from Dec 5, 2007, titled Cost of power to surge. In it, The Times-Tribune reports that:

Borough residents will face a 30 percent increase in their electric bills next year as part of a new five-year power contract. via The Times-Tribune

Join the discussion below, or Read more at The Times-Tribune.

Joe

Absecon, NJ

#1 Dec 5, 2007
Why does Olyphant insist on buying power and selling it to the residents?

I know they say it lowers the property taxes. When filing Federal Income Tax, you can itemize property tax, but you can't itemize your "light bill."

In actuality, residents of Olyphant may pay less Federal Income Tax if the bourough got out of the electric business, and raised property taxes.

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