Shell gas tax breaks could impact local government

A billion-dollar tax break for a proposed Shell petrochemical facility in western Pennsylvania would cut property tax revenue, but local officials still want the plant.

The school district could lose $275,000 in property taxes and the rural township of Potter could lose about 7 percent of its annual budget under a state tax incentives package, the Pittsburgh Post-Gazette reported Wednesday.

Local officials gave those figures to members of the House Appropriations Committee at a hearing Tuesday night in Monaca, which is about 40 miles north of Pittsburgh.

That’s where Shell hopes to build a multibillion-dollar petrochemical plant to convert natural gas into more profitable chemicals. Shell has identified the site as its first choice in the region, but it hasn’t made a final decision to build.

(Click to read the entire article)

0 comments:


Blogger Template by Blogcrowds


Copyright 2006| Blogger Templates by GeckoandFly modified and converted to Blogger Beta by Blogcrowds.
No part of the content or the blog may be reproduced without prior written permission.