Tuesday, January 4, 2011

Over $120,000 lost in Shale Revenue to date

Over $120,000 lost in revenues from PA having no Marcellus Shale tax to date. Every other state has it- we are looking at cuts in early childhood services, human service programs, environmental protection, agricultural programs, libraries and state parks.
Environmental Protection and Conservation and Natural Resources funding was collectively cut by 24% under the current budget, and the Oil and Gas Lease Fund was recently diverted away from environmental uses.
The Senate adjourned in October without taking up a severance tax bill, despite promising to enact the tax in last summer’s state budget agreement.Governor Rendell said the severance tax is “clearly dead” this year.
Governor-elect Tom Corbett took $3 million from the oil and gas industry, more than any other candidate in the last election cycle.

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