Sunday, February 21, 2016
In Pennsylvania, impact fees are expected to drop by 17 percent this year, due to low prices and fewer wells being drilled, StateImpact Pennsylvania reports.
Impact fees will bring in an estimated $185.5 million in 2016. According to the source, the decline isn’t unexpected. However, efforts to enact a severance tax on natural gas drillers is of more concern for local governments since the severance tax would potentially take some impact fee revenue.
Unconventional gas drillers pay impact fees to help state and local governments pay for environmental impacts as well as other impacts, like road maintenance where there is heavy truck traffic from drilling activity.
Read more: StateImpact Pennsylvania > Gas impact fees expected to drop 17 percent this year
Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.
© Copyright 2024 - Farm and Dairy