2015 impact fees may have dropped, but Washington and Greene counties still receive millions
Tuesday, June 21, 2016
Washington and Greene counties are still benefitting from Pennsylvania’s shale gas impact fee, even as drilling has slowed and prices have dipped.
According to Observer-Reporter, Washington County is the state’s top recipient of impact fee money again for 2015. The Pennsylvania Public Utility Commission reports that 2015 impact fee disbursements for 2015 are nearly $35.8 million lower than 2014 disbursements.
Washington County will receive $5,688,943.13. In Greene County, the municipalities of Morris Township, Cumberland Township, Center Township and Morgan Township are listed as some of the top receiving municipalities for 2015.
Read more: Observer-Reporter > Impact fee money dips, but still benefitting region
Related:
- Impact fees fuel housing funding in Pennsylvania – May 10, 2016
- Pennsylvania auditor to review use of Act 13 impact fee money – March 11, 2016
- Pennsylvania impact fees will sharply decline this year – Feb. 21, 2016
- $30 million in impact fee money went unreported and unaccounted for – Dec. 25, 2015
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.