Exelon has negotiated how much it will pay in property taxes over the next seven years for its Cordova nuclear plant. The Black Hawk College District is one of eleven taxing bodes that receives revenue from the taxes paid by the Quad Cities Generating Station. And tonight, the college board of trustees is set to vote on the property tax agreement with Exelon.
Erie School Superintendent, Brad Cox, says under the proposal, the company would pay an average of $12.5 million a year from 2017 through 2023. Last year, Exelon paid $8.1 million.