A local school district will not have to repay millions of dollars the Madison County State’s Attorney says it overtaxed an area industry. An agreement between numerous taxing bodies and the owners of the Phillips 66 Wood River Refinery has been reached that would eliminate repayment for taxes collected in 2011 and 2012, and lower the refinery’s 2013 assessed value by about $100-million.
Phillips 66 spokesman Melissa Erker says this is a big step toward moving forward
Click here for Erker's comments
All that is left to do now, according to Erker, is to get all parties to sign off on the agreement. WRB Refining LP filed an objection earlier this year over the amount of taxes levied by the Village of Roxana, the Roxana Park District, Roxana Library District and the Roxana School District.