State Budget
Budget Facts 2009: Natural Gas Severance Tax
Pennsylvania faces a $3 billion tax revenue shortfall in the state’s General Fund Budget. Competing proposals from Gov. Ed Rendell and the Republican-led Senate differ on raising taxes and reducing/reprioritizing…
Fact Sheet
Read More: Budget Facts 2009: Natural Gas Severance Tax
Pennsylvania Deficit Watch: June 2009
The Pennsylvania Department of Revenue released the May revenue collections showing state General Fund revenues are $2.84 billion short for the fiscal year to date. Governor Rendell had estimated…
Press Release
Read More: Pennsylvania Deficit Watch: June 2009Taxes & Economy
Louisiana Adds 33,000 Natural Gas Jobs
Through increasingly stringent environmental regulations and the desire for a new severance tax, Governor Rendell has undermined Pennsylvania’s budding natural gas industry. Drilling companies are beginning to leave Pennsylvania due…
Media
Read More: Louisiana Adds 33,000 Natural Gas JobsState Budget
Taxing An Infant Industry to Death
Home to the first oil well in the United States, Pennsylvania has returned to the drilling scene in recent years, looking to tap into an estimated 50 trillion cubic feet…
Commentary
Read More: Taxing An Infant Industry to DeathRegulation
Allegheny Power Looks to Keep Prices Down
Pittsburgh Tribune Review has a story on Allegheny Power buying additional electric power cheaply on the wholesale market, while…
Media
Read More: Allegheny Power Looks to Keep Prices DownTaxes & Economy
Wrong Time for a Severance Tax
The Pennsylvania Budget and Policy Center (PBPC) released a report this week advocating for a severance tax on natural resource extraction, such as the proposed tax by Governor Rendell…
Media
Read More: Wrong Time for a Severance TaxState Budget
Pennsylvania Deficit Watch: May 2009
The Pennsylvania Department of Revenue released the April revenue collections showing state General Fund revenues are $2.55 billion short for the fiscal year to date. Governor Rendell had estimated…
Press Release
Read More: Pennsylvania Deficit Watch: May 2009Taxes & Economy
Tax Freedom Day 2009
Circle April 14th on your calendar this year as Tax Freedom Day for Pennsylvania. While tomorrow is the deadline for filing income tax forms, today is the day Pennsylvanians can…
Commentary
Read More: Tax Freedom Day 2009Taxes & Economy
Natural Gas Lease Falls Through – PA Loses $31 Million in Revenue (and Jobs)
The AP is reporting that a natural gas firm, previously agreeing to pay $31 million for a lease of lands in the Marcellus Shale formation, has backed out of…
Media
Read More: Natural Gas Lease Falls Through – PA Loses $31 Million in Revenue (and Jobs)