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In Confidential Deal, Coal Company Pays Back Taxes To Colorado County
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Peabody Energy paid nearly one point eight million dollars in overdue taxes this week to a rural county in western Colorado, resolving, for now, a serious funding concern for a tiny school district there. Communities all over the country count on revenue from fossil fuel extraction to pay for basics like schools and roads. But with the downturn in coal, oil and gas, that steady stream of energy dollars is no longer assured.