Wolf seeks $4.5B capital program paid by Marcellus Shale tax
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.