County moves ahead with new Vistra agreement
Randolph County took action toward entering into an agreement with Vistra to set the amount of money it would receive from the Baldwin power plant property.
During the county board’s March 19 meeting, the commissioners approved a payment in lieu of taxes agreement with Vistra through 2025.
Vistra intends to close the plant, at least for coal burning purposes, with a tentative date set for 2025. In order to continue plant operation through 2025, Vistra cites market conditions as a reason to lower its costs.
Compared to payments made in 2020 for tax year 2019, the agreement will create an approximate reduction in tax revenue for the county by approximately 30 percent in 2020, 40 percent in 2021 and 50 percent in 2022, 2023 and 2024.
The taxing districts affected, in addition to the county itself, are the 708 Mental Health Board and ambulance service, both of which the county controls, as well as Red Bud public schools, Southwestern Illinois Community College, Baldwin Fire Protection and county Road District 1.
Each taxing body has to approve the agreement for it to be put into effect.
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