Wednesday, December 23, 2009

Gov. Rendell To Support Natural Gas Severance Tax Next Year

During an end-of-year interview today, Gov. Rendell said he will push for even more school funding next year, along with a first-ever natural gas severance tax when he presents his last proposed budget in February.
The Governor originally proposed the severance tax as part of his 2009-10 budget, but backed away from the proposal saying the time was not yet right.
He also said the next Governor will have to raise $4.5 to $5 billion in new revenues to replace federal stimulus funding in this year's budget and to help pay for the coming spike in state worker and school employee pension costs. That would equal about 15 percent of today's budget. Click here to read the article.

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