IVCC to receive $1.2 million in new revenue from LaSalle Power Station taxes

 
 
OGLESBY – Illinois Valley Community College trustees learned a recent five-year agreement with LaSalle Power Station will result in nearly $1.2 million in new revenue for the college. The influx is the result of LaSalle Station’s equalized assessed valuation increasing 15 percent over the five years, said IVCC Vice President for Business Services and Finance Matt Seaton. IVCC, one of 11 taxing districts in the agreement, will receive an additional $235,549 each year. LaSalle Station is owned by Constellation Generation Company, formerly Exelon.