Refinery struggles bruise NJ communities
Harry Schaeffer was a toddler when his family moved in 1955 to National Park, where nearby Eagle Point Refinery had been turning crude to gasoline, heating oil and other products for years.
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Since: Dec 07
#2 Dec 28, 2009
Here's one problem.... "They pay $7 million a year in taxes," said Steve Sweeney, a Democratic state senator who represents the area. He said he expects Sunoco to be granted a major break on its property tax bill when it's no longer refining oil. "The local taxpayers are going to have to pick up that $7 million," he said...."
Why are they charged that much in taxes? Does the refinery cost the county $7 million in expenses? No. For some stupid reason the property tax is based on how much the business earns, or even the potential earnings of a business.
Sort of like killing the goose that lays the golden egg.
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