«This funding will be available to give relief to the
city, school district and Chautauqua County and their
taxpayers who would be severely
hurt by the loss of the payment - in - lieu - of - taxes (PILOT) from the NRG power plant,» Young said.
When Albany
city officials got wind of the plan, they urged lawmakers to reconsider, fearing it would
hurt the
city's already tight finances — they'd have to borrow money to make the payment earlier, costing
city taxpayers $ 100,000.