Wolf seeks $4.5B capital program paid by Marcellus Shale tax
Gov. Tom Wolf is planning to ask lawmakers to approve a severance tax on Marcellus Shale natural gas production to finance a multibillion-dollar capital plan for a wide range of projects, from controlling flood
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Wolf seeks $4.5B capital program paid by Marcellus Shale tax
The Associated Press
Published 8:49 a.m. ET Jan. 31, 2019 | Updated 8:50 a.m. ET Jan. 31, 2019
HARRISBURG – Gov. Tom Wolf is planning to ask lawmakers to approve a severance tax on Marcellus Shale natural gas production to finance a multibillion-dollar capital plan for a wide range of projects, from controlling floodwaters to fighting blight.
Wolf, a Democrat, is unveiling the plan Thursday, which his administration says is packaged with a proposal for a Marcellus Shale tax for a fifth straight year.
This time Wolf wants to use the money to pay down a $4.5 billion bond that the administration would spend over four years on projects including expanding high-speed internet access, improving flood control and cleaning up brownfields and blight in hopes of luring new businesses
Approval will be up to the Republican-controlled Legislature, which has thus far rejected Wolf’s overtures for a natural gas tax.
Read or Share this story: https://www.yorkdispatch.com/story/news/local/pennsylvania/2019/01/31/wolf-seeks-capital-program-paid-marcellus-shale-tax/38982549/
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