VERNON, Vt. (AP) - Officials in the Vermont town that is home to the state's only nuclear power plant are preparing for the loss of property tax money after the plant closes next year.
Vernon Selectboard Chairwoman Patty O'Donnell is assuring residents that local services will not be "devastated," but says reductions are inevitable.
She says the town will have to cut hundreds of thousands of dollars from the budget so they'll have to think about a different way of doing things. The Vermont Yankee nuclear plant now pays more than $1 million in property taxes a year.
The Brattleboro Reformer reports Vernon officials don't yet know the tax impact of the shutdown.
Entergy announced in August it plans to shut down Vermont Yankee next year.
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