P66 Rodeo Refinery — a Subsidiary of Wealthy Conoco Phillips — Cries Poor and Gets Its Property Taxes Vastly Reduced with Co Co County’s Blessings

Phillip 66 got its property taxes vastly reduced based on claims of lack of profitability as opposed to the actual value of the property (it owns over a third of the property in Rodeo).   Setting aside the total lack of transparency of this back room deal, just how does a subsidiary of one of America’s biggest oil extraction and refining companies…cry poor?

keep calm and cha ching

Many thanks to Rodeo resident Teagan Clive for presenting her letter to the Board of Supervisors and basically breaking this important news story.  The clip of the Ms. Clive’s comments are embeded below in Ed Tannebaum’s fine blog, CRGNA.org

http://crgna.org/blog/2015/01/new-property-tax-base-for-p66/

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