Building Boxes, No Alternate Funding Source
In the late 1970s, the towns of Tomioka and Naraha went on a building spree. Recreation halls, lodging centers, roads, schools, sewers ... all built with "Electric Power Money." Tomioka and Naraha share Fukushima Daini Nuclear Power Plant. Younger residents urged them to think 20 or 30 years in the future - but the office directing regional development using the grants didn't listen.
Showing posts with label government finances. Show all posts
Showing posts with label government finances. Show all posts
2012-01-05
Nuclear Power and Fukushima Finances 3
Mutual Dependence & Mutual Profit
Over its 45-year lifespan, a nuclear power reactor will bring in about 121.5 billion yen (about $1.6 billion at 78 yen/dollar) in government subsidies to the prefecture and municipalities around its location. This funding system is deeply entwined in the region.
2011-12-30
Nuclear Power and Fukushima Finances 1
Fukushima Prefecture has decided to rid itself of nuclear power. But, being home to electrical power plants, notably nuclear power plants, is an important source of government funds. Under the Three Power Source Development Laws, localities that are home to electric power plants, particularly nuclear power plants receive grants and taxes based on the amount generated among other factors. They also tax nuclear fuel and receive property and income taxes.
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