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)
Blog Archive
-
?
2012
(128)
-
?
August
(11)
- State Energy Board Lays Out Roadmap for Shuttering...
- Shell gas tax breaks could impact local government
- The electric grid: Extreme power risks
- State GOP senators oppose Canada power line
- Anti-hydrofrackers turning up the heat on Cuomo
- Cuomo’s Fracking Plan: Politics Trumps Science
- PSC study draws power industry critics
- Coalition Pushes Cuomo, Others, on Greenhouse-Gas Cap
- County landfill to accept fracking cuttings
- Sierra Club Keeps Pressure On Fracking With New Ad
- I Team 10 Investigation: "Green for Gold." Where a...
-
?
August
(11)