The Oconee County Council gave final approval this week to an ordinance modifying a loan agreement relating to $77 million in Duke Energy bonds issued in 1993. The action came despite a resident’s warnings that two other modifications made to the same bond issue resulted in Duke’s tax assessment being altered to the county’s detriment.
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As Oconee County’s biggest taxpayer, Duke Energy’s tax assessment is done through the state Department of Revenue and annually brings in more than $20 million.
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