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More PGE Tax Payment Money For Nevada Co

Posted: Apr. 21, 2017 12:48 AM PDT

Nevada County has received its second and final property tax payment from Pacific Gas and Electric for the 2016-2017 fiscal year. The company says overall payments to the 50 counties where it owns property are up 7% from the prior year. County Auditor-Controller Marsha Salter says they received over $2 million, with about 26% going to the county’s general fund and 6% to cities…

click to listen to Marsha Salter

Salter says it’s discretionary revenue, with the Board of Supervisors deciding how to divide it up. While it’s a rather modest amount, it’s always appreciated…

click to listen to Marsha Salter

In a statement, the utility’s Chief Financial Officer says, quote, “Property tax and franchise fee payments are one of the important ways PG and E helps drive local economies and support essential public services”.

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