Indian Point Energy Center, the aging nuclear power plant in Westchester County, will fully close by 2021. Photo via Thomas.net

Included in New York’s recently approved 2018 budget is $24 million for The New York State Electric Generation Facility Cessation Mitigation Program. The fund will provide economic assistance to communities and school districts that will face decreases in funding due to reduced tax collection as the result of power plant closings.

The first power plant to close and activate this fund will be Indian Point in 2021.

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