Landfill Generates $1.8 Million
Mayville, NY -- County Executive Gregory J. Edwards announced that his administration has used the methane gas at the County landfill to generate another $1.8 Million for Chautauqua County.
"I am proud to let the 130,000 residents of Chautauqua County know as part of the landfill gas project at the County landfill, and the hard work of my financial team, an additional $1.8 Million is now going to be received by our County," Edwards proclaimed.
A variety of new financial markets have emerged to address CO2 and other pollutants in recent years. This offers businesses key incentives — aside from taxes and other punitive measures — to slow down overall emissions growth and, ideally, global warming itself.
A key feature of these markets is emissions trading, which allow companies to buy or sell “credits” that collectively bind all participating companies to an overall emissions limit.
"We used this business technique, applied it to County operations, and generated $1.8 Million of non-tax dollars. This amount is in addition to the $2 Million of net revenue we will earn next year producing electricity with methane gas from the landfill," Edwards said.
"I will be coming before County legislators next week during their 2010 Budget deliberations to discuss the allocation of this $1.8 Million in the 2009 and 2010 budget years," Edwards continued. "$500,000 in revenue was previously budgeted from this project for 2009, and $685,170 was already allocated in the 2010 tentative budget. That leaves $614,830 in unallocated revenue from the carbon credits for 2010."
Edwards said that he will recommend legislators utilize $30,000 of the unallocated revenue to fully fund the Chautauqua Lake Management Commission's 2010 budget request. He will propose that the remaining $584,830 be split equally between an additional property tax cut of $292,415 with the balance placed in a tax stabilization reserve fund to offset future property taxes resulting from New York State's financial crisis.
e-mailed from Greg Edwards' office
Programming note: Greg Edwards will be one of Grizzly Gary's guests on Grizzly Gary's Hunting and Fishing from 7 to 9 Sunday morning on 100.1 The HERO.
"I am proud to let the 130,000 residents of Chautauqua County know as part of the landfill gas project at the County landfill, and the hard work of my financial team, an additional $1.8 Million is now going to be received by our County," Edwards proclaimed.
A variety of new financial markets have emerged to address CO2 and other pollutants in recent years. This offers businesses key incentives — aside from taxes and other punitive measures — to slow down overall emissions growth and, ideally, global warming itself.
A key feature of these markets is emissions trading, which allow companies to buy or sell “credits” that collectively bind all participating companies to an overall emissions limit.
"We used this business technique, applied it to County operations, and generated $1.8 Million of non-tax dollars. This amount is in addition to the $2 Million of net revenue we will earn next year producing electricity with methane gas from the landfill," Edwards said.
"I will be coming before County legislators next week during their 2010 Budget deliberations to discuss the allocation of this $1.8 Million in the 2009 and 2010 budget years," Edwards continued. "$500,000 in revenue was previously budgeted from this project for 2009, and $685,170 was already allocated in the 2010 tentative budget. That leaves $614,830 in unallocated revenue from the carbon credits for 2010."
Edwards said that he will recommend legislators utilize $30,000 of the unallocated revenue to fully fund the Chautauqua Lake Management Commission's 2010 budget request. He will propose that the remaining $584,830 be split equally between an additional property tax cut of $292,415 with the balance placed in a tax stabilization reserve fund to offset future property taxes resulting from New York State's financial crisis.
e-mailed from Greg Edwards' office
Programming note: Greg Edwards will be one of Grizzly Gary's guests on Grizzly Gary's Hunting and Fishing from 7 to 9 Sunday morning on 100.1 The HERO.
.jpg)
Comments