N.Y. Law Spotlights Lost Nuclear Plant Tax Revenue Nationally

Towns and cities across the country face the major loss of property taxes as nuclear power plants in their borders are shut down. They may be able to make up some of the loss, however, by taxing the nuclear waste storage property that still sits on the sites.

A law just signed by New York Gov. Andrew Cuomo could be a model for communities in New Jersey, Illinois, Wisconsin, California, and other states where more than a dozen reactor sites are slated for dismantling in coming years. Without a national repository for nuclear waste, spent fuel has remained in holding ...