Here's how clueless Bill Stachowski and Antoine Thomspon are: The Democratic leadership trotted the out in Albany Thursday to plead for passage of an extension of the Power For Jobs program.
Trouble is, the program does Western New York little good. In fact, it's one of the ways the profits from the Niagara Power Project are used to benefit downstate business interests.
Here's what I reported on the program in 2007 in my Power Failure investigation of the New York Power Authority:
The program was started in 1997 and was supposed to end in 2000, but lawmakers continue to extend it. In the process, they have required the authority to reimburse the state for an increasing share of lost tax revenue, now 100 percent. The program involved 599 companies as of a year ago, including 89 from Erie and Niagara counties, whose allocation of discounted power accounted to 12 percent of the statewide total.
Power For Jobs is now slated to end this June, but the authority as it now stands remains on the hook for another contribution of $175 million.
While Niagara power isn't the sole source of funding for the voluntary contributions, the Power Authority acknowledges the plant's profits do go a long way.
In other words, profits from our plant are being used to subsidize the operations of downstate businesses.
Rep. Brian Higgins is negotiating with the New York Power Authority to secure a portion of the Niagara Power Project's profits to benefit Western New York. The expiration of the Power For Jobs program would free up money towards that end. But we've got Thompson and Stachowski doing the bidding of downstate interests instead.
They're team players, all right. Just not our team. (end)
Antoine Thompson, it seems , is virtually incapable of articulating the number of jobs the Power for Jobs program will preserve. Watch this video of Thompson channeling Dr. Evil at yesterday's press conference. It would be hilariously funny if it weren't so pathetic.
At the same presser, Stachowski, in an attempt to justify his existence while the Senate Dems continue to bring state government to a grinding halt, says that he is entitled to receive his $100,000+ compensation because he busy in Albany "reading computer mail". Mmmmmmm, that'd actually be called "email", Bill. See the video below: