(erielack) It's still happening . . .

["Schuyler G Larrabee" <sgl2_@_ix.netcom.com>]

Interesting, especially in light of Henry's recent rant . . .er . . . post.

SGL


> New York Lawmakers to CSX: Drop Dead
>
> The New York Legislature did not give CSX the tax relief it was seeking,
> so the railroad will not undertake $15 million in track improvements
> necessary for high-speed service between New York City and Albany. Gov.
> George Pataki's budget had proposed a 45% rollback in railroad property
> taxes over seven years, the Times-Union of Albany reported. But the
> state Legislature's budget, approved Thursday, didn't include the tax
> break. So CSX says it will continue its federal lawsuit against the
> state's property tax structure, and that it won't make signal and track
> improvements on its ex-Conrail Hudson
> Line. The improvements would allow Amtrak Empire Corridor trains to run
> at speeds of up to 125 MPH. An independent study released earlier this
> year found that New York state taxes railroad property at rates up to 26
> percent higher than neighboring states. Conrail typically paid more
> property taxes in New York state than on the rest of its system
> combined.

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End of EL List Daily V3 #564
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