Tag Archives: taxes

Georgia Power wants taxpayers to take profit risk for new nukes

After already hiking rates to pay for Plant Vogtle units 3 and 4, Georgia Power now balks at taking any risk to its profit if costs go above the projected budget.

Kristi E. Swartz wrote in the AJC today, Georgia Power trashes regulatory staff’s financial proposal for Vogtle cost overruns:

Georgia Power officials told state regulators they never would have started to build a new multi-billion-dollar nuclear power plant if they knew the company might be on the hook for certain potential cost overruns.

The company, they said, would be building a natural gas plant instead.

Georgia Power, which is the largest stakeholder in a partnership building two new reactors at Plant Vogtle, is responsible for $6.1 billion of the $14 billion project. The Georgia Public Service Commission’s staff wants to cut into the utility’s allowed profit margin if the project runs more than $300 million over budget. Profits would similarly get a boost if the reactors come in under budget by the same amount.

The PSC deal sounds fair to me, or actually rather generous.

But not to the big-company socialists at Georgia Power:

At a PSC hearing Wednesday, company executives said the proposal could drive up financing costs of the project, potentially damage the ability to raise capital and eventually increase customer bills.

“As a member of the management team of the company, if this mechanism had been part of the original certification, we very likely would have not proceeded [with the project],” said Ann Daiss, Georgia Power’s comptroller.

Privatize the profits; socialize the risks! That’s the ticket!

They could spend less money building distributed solar farms and wind generators and get them built a lot faster with very little risk of cost overruns. Why isn’t Georgia Power interested in that?

“Even under the most adverse outcomes, the units remain highly profitable with very limited risk for investors,” [PSC staff member Tom] Newsome said. “We’ve been talking a lot about investors in this hearing and I think we need to be talking about [customers].”
Profits paid for by customer rate hikes and taxes from you, the taxpayer. You’d have a better deal if Georgia Power built solar and wind plants.

-jsq

PS: Owed to Mandy Hancock.

Eligible for prison road labor

In for a drug offense? Got out but failed a drug test? You may be eligible for a prison road gang!

AP wrote 4 July 2011, GA parolees & road maintenance

Georgia is expanding a pilot program that sanctions some parolees by putting them to work rather than returning them to prison.

The program began in Milledgeville, Gainesville, Columbus and Dalton. This summer it will be expanding to communities across Georgia.

Parolees are eligible if they have committed low-level violations of their supervision requirements, such as the onetime failure of a drug test or curfew violations.

How long will it take before these prisoners are sent to work in fields?

Wouldn’t it make more sense to stop wasting taxpayer dollars on locking up people for minor drug offenses?

Or maybe prison slave labor is a good way to celebrate July 4th.

-jsq

PS: Gretchen got this item from Dwight Rewis of Echols County.

Hispanics and farmers strike in Moultrie

Alan Mauldin wrote for the Moultrie Observer 29 June 2011, Stay-at-home protest: Latinos hope to show their impact:
Colquitt County’s Latino community is gearing up to make its presence known by, well, disappearing, at least as much as possible for the largest minority group.

On Friday, the day a strict new immigration law takes effect, many will stay home from work and refrain from shopping to help make others aware of the impact of their contributions in the county.

It’s not just workers participating: Continue reading →

HB 87 getting press in Mexico

Famous not just in France, but also in Mexico! Georgia’s HB 87 gets press south of the border.
El Universal of Mexico City reported from Atlanta 27 June 2011, Juez bloquea partes de ley migratoria de Georgia
Un juez federal concedió este lunes la solicitud de impedir que partes de la ley de Georgia contra la inmigración ilegal entren en vigor hasta que se resuelva una demanda.

El juez Thomas Thrash bloqueó partes de la legislación que penaliza a la gente que transporte o albergue a indocumentados, y también detuvo las cláusulas que le autorizan a los agentes verificar el estatus migratorio de alguien que no pueda proporcionar una identificación adecuada.

Además, el magistrado sobreseyó partes de la demanda a solicitud del estado.

La mayoría de las cláusulas que forman la ley iban a entrar en vigor el 1 de julio.

Grupos activistas por las libertades civiles habían interpuesto una demanda en la que le pedían al juez que declarara inconstitucional la legislación e impidiera que entrara en vigor.

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In case you have not emulated Mayor Paul Bridges of Uvalde and learned Spanish, here’s google translate’s version in English:
A federal judge on Monday granted the request to prevent parts of the Georgia law against illegal immigration to take effect pending resolution of a lawsuit.

Judge Thomas Thrash blocked parts of the legislation that penalizes people who transport or shelter illegal immigrants, and also stopped the clauses that authorize agents to verify the immigration status of someone who can not provide proper identification.

In addition, the judge dismissed portions of the demand at the request of the state.

Most of the clauses that make up the law to go into effect on July 1.

Groups civil liberties activists had filed a lawsuit in which he asked the judge to declare unconstitutional legislation and prevent the entry into force.

eca

Pithy but factual.

We don’t need to feed the incarceration machine with a private prison in Lowndes County Georgia that will profit private prison executives and investors at the expense of Georgia taxpayers and Georgia farmers. Spend that tax money on rehabilitation and education instead.

-jsq

Andrea Schruijer’s Opportunity —John S. Quarterman

Here’s my op-ed in the VDT today. -jsq
Welcome Andrea Shuijer Schruijer to a great opportunity as the new Executive Director of the Valdosta-Lowndes County Industrial Authority (VLCIA)!

For a year I’ve been asking for a list of jobs attracted by the Authority. We welcome your marketing expertise so we’ll know the Authority’s successes!

We welcome your communications expertise to inform the community affected by the process of bringing new jobs. VLCIA could publish its agendas, minutes, and videos of its meetings, events, and new jobs on its web pages, and facebook, maybe even twitter.

We welcome your stewardship of the Authority’s $3 million/year in taxes. Maybe some

Continue reading →

Uvalde “mayor for everybody” works against HB 87

Sometimes somebody does the right thing not for fear or favor, just because it’s the right thing.

Catherine E. Shoichet wrote for CNN 28 June 2011 about Paul Bridges, mayor of Uvalde, Republican mayor in the South becomes unlikely advocate for immigrants:

Bridges is waging a deeply personal battle.

Enforcement of the Georgia law could put him in prison and tear apart the families of some of his closest friends.

He thinks Governor Nathan Deal got it wrong when he signed HB 87: Continue reading →

Budget meeting and Lowndes County Commission meeting tonight

Remember there’s a second budget hearing today, 28 June 2011 at 5PM. The county didn’t publish the proposed budbget, but LAKE did. Maybe you’d like to come ask some questions, like these by Jessica Bryan Hughes.

Then there’s the regular session of the County Commission; agenda appended. They plan to vote tonight to approve the budget they never published.

-jsq

LOWNDES COUNTY BOARD OF COMMISSIONERS
PROPOSED AGENDA
WORK SESSION, MONDAY, JUNE 27, 2011, 8:30 a.m.
REGULAR SESSION, TUESDAY, JUNE 28, 2011, 5:30 p.m.
327 N. Ashley Street – 2nd Floor
Continue reading →

VLCIA land accounting

Chairman Jerry Jennett is asking for an accounting of the land VLCIA has bought using their $3 million a year in dedicated 1 mil property tax and $15 million in bonds that Lowndes County guaranteed for them. And it seems that much of it is in lots too small to be useful.

While the VLCIA board was approving minutes for their 17 May 2011 regular meeting, Chairman Jennett said this:

On the last page, where we’re talking about the industrial park acreage, this is real good the way you’ve presented this, it shows Azalea West 17 acres Lake Park 10, Hahira 10, [?] 165, Miller 220, West Side 155.

Let me ask you that in future you do one more thing. That you tell me how many 100 acre sites you have, how many 50 acre sites you have, and how many 25 acre sites you have,

[Col. Ricketts made some response.]

Then I’m going to assume that everything else is ones, fives, and tens. And my point would be that we track those, and that when someone comes with a project that and they need 200 acres, we can’t do it. But I think there might be room for at least one and maybe two 100s. I think that’s important when we think about people….

It’s good Chairman Jennett is having Col. Ricketts keep track of all this land VLCIA has acquired. He started on this project at Brad Lofton’s last board meeting, when he asked Lofton about lot sizes. I look forward to the results.

Incidentally, while that list Chairman Jennett read does add up Continue reading →

Industrial Authority debts could force Lowndes County to raise taxes

A mil here, a mil there; soon we’re into real money! Can the Valdosta-Lowndes County Industrial Authority (VLCIA) commit we the local taxpayers to a $150 million bond issue for a private company like the Macon-Bibb County Industrial Authority just did? Maybe.

VLCIA has already issued $15 million in bonds for which apparently the Lowndes County Commission has committed the county, that is, we the taxpayers, to pay the debt service. That comes out of VLCIA’s one mil of dedicated tax income. But according to the intergovernmental contract, it’s actually not even just from VLCIA’s current millage:

Section 4.4 Security for Contract Payments and for Bonds.

(a) The obligation of the County to make the payments required pursuant to Section 4.1(a) hereof shall be a general obligation of the County for which its full faith and credit is pledged, and shall be payable from any lafully available funds, subject to the Tax Funding Limit. In particular, the County agrees to levy an annual tax on all taxable property located within its boundaries, as now existent and as the same may be extended, at such rate or rates, as limited by the Tax Funding Limit, as and when it may be necessary to provide the County with sufficient revenues to make all payments required to be made by the County under this Contract.
The current VLCIA millage is one mil, or about $3 million a year, collected by the county in property taxes and handed over to VLCIA.

But VLCIA’s charter says (in Section 5): Continue reading →

Prisons bad for education budget

Building a prison is not just a bad business gamble now that crime rates are down and state budgets are tight. It’s bad for other things, too. As the reporter who originally broke the story about the empty new prison in Grayson County, VA noted 2 January 2011, Marc Mauer, executive director of the Sentencing Project, a national group that promotes criminal justice reform, summed it up:
“Corrections over the past 25 years has become an increasingly big component of state budgets, to the point that it’s competing for funding with education and other core services,” Mauer said. “And you can’t have it both ways anymore.”

If we want knowledge-based jobs here, a private prison is not how to get them. Let’s not build a private prison in Lowndes County, Georgia. Spend those tax dollars on education instead.

-jsq