Looking back on 2012

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Nov. 22: The Princeton City Council projects an estimated $24,897,000 in revenue for the city’s 2013-14 fiscal year beginning May 1, 2013. The council approves an ordinance levying $1,573,843 in property taxes from the 2012-13 tax levy. Additional revenue is projected at $23,323,158, with the primary sources of that revenue coming sales tax and income tax. The property tax rate for the city itself remains at 1 percent, or $1 per $100 of assessed value of property, City Manager Jeff Clawson says.

Nov. 24: The Bureau Henry Stark Regional Office of Education is awarded a federal 21st Century Community Learning Center grant to provide extended day programming and extended year programming for area students. ROE Superintendent Angie Zarvell says the federal grant award provides a total of $999,520 in the first year of the five-year grant. Bureau County schools benefiting from the grant are Bureau Valley South in Buda and LaMoille’s Allen Junior High and High School.

Nov. 27: Spring Valley residents will see a slight drop in their taxes, thanks to a decrease in the Spring Valley Elementary School District’s tax levy. Superintendent Jim Hermes says residents should notice about a nickel drop for every $100 of equalized assessed valuation. This is despite an overall drop in the EAV for the district, which dropped about $200,000 from the previous year to $72,579,311. The total tax levy including the bond and interest fund is expected to be $2,091,866, which is a drop of $59,389 from the year before, Hermes says.

Nov. 29: Mainstream Renewable Power withdraws its application for the Green River Wind Farm Phase 1 in Bureau County, but the company says it will likely submit a new proposal. The Ireland-based company pulled its proposal less than a week after the Bureau County Zoning Board of Appeals unanimously recommended against Mainstream’s plan for 19 wind turbines for the northern part of the county.

Dec. 1: Edison Mission Group, the owner of Big Sky wind farm north of Ohio, responds to a complaint filed against it by Suzlon Energy Ltd, the company which had made the turbines used by the wind farm. Suzlon Energy Ltd filed its complaint against Big Sky earlier this year claiming Big Sky improperly refused to make a prepayment for turbines supplied to Big Sky. The Ohio-based wind farm bought 114 Suzlon turbines in October 2009 for the Big Sky project. Big Sky claims numerous un-remarked serial defects affected the wind turbines supplied by Suzlon.

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