The Daily Gazette
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Official: GE tax deal cost $323K for this year

Rotterdam, Schalmont defend agreement

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General Electric got a little extra perk from the town last May, leading up to a landmark agreement that resolved a decades-long dispute over its property value in Rotterdam, according to a critic of the deal. The company was given a one-year stipulation lowering the value of its 322-acre property from $141.5 million to $132 million, saving it an estimated $323,000 in combined town, county and school taxes this year. The Town Board later settled ...

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