By Paul Schmitt
The town of Carlton’s initial agreement Saturday with Dominion Resources, the shuttered Kewaunee Power Plant, will have major tax implications for residents of Kewaunee County. If approved, the signed agreement sets the parcel’s value at $15 million for ten years from 2015 through 2024. The town of Carlton originally assessed the value at $468 million dollars in 2016. Kewaunee County Administrator Scott Feldt says Dominion would now receive a “charge back” for the additional millions of dollars of taxes they paid based on last year’s assessment. Feldt says that Dominion’s agreement to spread the impact out over ten years will alleviate a potentially catastrophic consequence.
Feldt says the increase would amount to $5 million dollars for the county that will be paid out at a rate of $500,000 over ten years. The agreement needs to be approved by the presiding judge who was going to hear the trial case next month and the Wisconsin Department of Revenue.