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.
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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