After Bryson got loaded down with turbines in recent years, the other schools in the county will now see some alternative energy revenue by agreeing to offer tax incentives for the development of the Keechi Windfarm.
Approximately 10 turbines will be located in the Perrin-Whitt district and 30 in Jacksboro.
Coming into this process now does not offer the districts as much money as it did a few years ago.
After the first year the estimated $132 million project for the portion in Jacksboro ISD, the value will be limited to $20 million for 8 years. The full depreciated value of the develop will come on the tax roll in the 2024-2025 school year at an estimated $72.5 million.
Also, the district tax benefit is the lesser of $100 per student based on average daily attendance or 40 percent. Enrollment for Perrin is 327 students and for Jacksboro, it's 990.
The reason school districts are anxious to get their hands on these benefits is because if their taxable property values rise, the way state school financing is set up, they see no benefit.
The company, RES Group, should realize a benefit of $6.4 million and $1.1 million from the districts, respectively.
Perrin-Whitt's school board signed the agreement with the company in a special called meeting Oct.
7. Jacksboro's board approved and signed it Monday night.
Although the districts are grateful for the additional money, it's hard not to wonder what could have been.
See the full article in the Jack County Herald, Oct. 18 or subscribe online!