Natural gas drilling has transformed two Pennsylvania counties with the greatest development activities, for better and for worse.
That statement in itself is not surprising, but two new studies from the Multi-State Shale Research Collaborative have a wealth of data on just how much these communities have been transformed. And some of the findings may surprise you.
State Senator Vincent Hughes of Philadelphia will unveil a plan today to assess a 5% severance tax on natural gas drilling in Pennsylvania. He told the Philadelphia Daily News that his plan will generate more than $1 billion for education by 2020:
What do Pennsylvania-based companies PPL, H.J. Heinz, Airgas, Allegheny Technologies, Hershey, and Comcast have in common? They each pay little or nothing in state income taxes, according to a new report from the Institute on Taxation and Economic Policy (ITEP) and Citizens for Tax Justice (CTJ).
A coalition of education advocates joined forces to call on Philadelphia City Council to provide $195 million in sustainable local funding to the city's school district next year.
At an event last Thursday when Council met, several speakers explained how much students have suffered from budget cuts in recent years and how city leaders must step up once again to provide needed funding for city schools.
“Philadelphia students, teachers, and staff cannot go through another year of upheaval and uncertainty,” said Sharon Ward of the Pennsylvania Budget and Policy Center, one of the advocates to participate Thursday.
For a long time, we've been making two points about natural gas drilling in the Marcellus Shale. One, Pennsylvania's drilling impact fee brings in a fraction of what a severance tax comparable to those in other large energy-producing states would generate. And, two, the claims of job creation by the industry and its supporters (often used to cut off any talk of enacting a severance tax) are greatly overstated.
But don't take it from us. TheAllentown Morning Call's Steve Esack has a pair of Sunday stories making the very same points.