Court of Appeals for the Second Circuit January 31, 1995, Nos. 2025 to 2029, Dockets 94-7226, 94-7228, 94-7234, 94-7238 and 94-7240 (Consolidated Rail Corp. v. Town of Hyde Park)

GEORGE C. PRATT, Circuit Judge:

Consolidated Rail Corporation (“Conrail”) is an interstate railroad that operates in New York State and elsewhere. Conrail filed this suit against the New York State Board of Equalization and Assessment and several tax-assessing and tax-collecting jurisdictions under § 306 of the Railroad Revitalization Act and Regulatory Reform Act of 1976 (“4-R Act”), currently