Fiscal impacts associated with power reactor siting: a paired case study
The paper examines the fiscal impacts associated with siting nuclear-powered electrical stations. First, a framework for examining fiscal impacts is constructed. This framework consists of four elements: the ability of a local community to raise revenues, the degree to which this ability is used, the uses to which tax revenues are applied, and the effect of tax/expenditure decisions on the local economy. Changes in these four elements caused by the siting are termed fiscal impacts. Second, this framework is applied to two communities, Waterford, Connecticut and Plymouth, Massachusetts, which host operating reactors. In each community the ability to raise revenues through the property tax--the prime local revenue source--approximately doubled. As a result both communities chose ultimately to reduce tax rates. Moreover, it appears that the annual revenues raised through the public sector as a result of the reactor siting exceeded income changes that resulted from increased local employment associated with each reactor's operation. It therefore appears that for these two towns, the primary economic impact occurred through the public sector. The report concludes with suggestions for further research into local fiscal and economic effects associated with power reactor siting.
- Research Organization:
- Oak Ridge National Lab., TN (USA)
- DOE Contract Number:
- W-7405-ENG-26
- OSTI ID:
- 7116822
- Report Number(s):
- ORNL/NUREG/TM-86
- Country of Publication:
- United States
- Language:
- English
Similar Records
Post licensing case study of community effects at two operating nuclear power plants. Final report, March 1975--March 1976
Local economic impacts associated with pure taxable capacity changes
Socio-economic impacts of nuclear power plants. [Including mitigation plans]
Technical Report
·
Tue Jun 01 00:00:00 EDT 1976
·
OSTI ID:7264286
Local economic impacts associated with pure taxable capacity changes
Journal Article
·
Sun Jan 31 23:00:00 EST 1982
· Land Econ.; (United States)
·
OSTI ID:6051176
Socio-economic impacts of nuclear power plants. [Including mitigation plans]
Journal Article
·
· Oak Ridge Natl. Lab. Rev.; (United States)
·
OSTI ID:5444439
Related Subjects
22 GENERAL STUDIES OF NUCLEAR REACTORS
220501* -- Nuclear Reactor Technology-- Environmental Aspects-- Siting
29 ENERGY PLANNING, POLICY, AND ECONOMY
290600 -- Energy Planning & Policy-- Nuclear Energy
COMMUNITIES
CONNECTICUT
MASSACHUSETTS
NORTH ATLANTIC REGION
NUCLEAR FACILITIES
NUCLEAR POWER PLANTS
POWER PLANTS
POWER REACTORS
REACTOR SITES
REACTORS
SITE SELECTION
SOCIO-ECONOMIC FACTORS
TAXES
THERMAL POWER PLANTS
220501* -- Nuclear Reactor Technology-- Environmental Aspects-- Siting
29 ENERGY PLANNING, POLICY, AND ECONOMY
290600 -- Energy Planning & Policy-- Nuclear Energy
COMMUNITIES
CONNECTICUT
MASSACHUSETTS
NORTH ATLANTIC REGION
NUCLEAR FACILITIES
NUCLEAR POWER PLANTS
POWER PLANTS
POWER REACTORS
REACTOR SITES
REACTORS
SITE SELECTION
SOCIO-ECONOMIC FACTORS
TAXES
THERMAL POWER PLANTS