Keystone I Tax Revenue Grossly Exaggerated
If you were looking for a new reason not to love Keystone XL, try this on for size: projected South Dakota tax revenues for Keystone I were exaggerated more than 100% by ever-reliable TransCanada. Keloland News, warming to its subject, reported Tuesday that TransCanada paid out only $2.9 million in 2010 in property taxes on Keystone I in the ten South Dakota counties the pipeline crosses, compared to estimates of up to $9 million annually. That’s not counting the tax rebates from the state of South Dakota. We should have named this blog We Told You So.