Issue Spotlight: Six-State Study Finds Industry Supporters Exaggerated Jobs Impact of Shale Drilling
Drilling in the six states that span the Marcellus and Utica Shale formations has produced far fewer new jobs than the industry and its supporters claim, according to a report from the Multi-State Shale Research Collaborative, a group of research organizations, including PBPC, tracking the impacts of shale drilling. Natural gas development in these six states was fueled by high commodity prices from 2000 to 2008. As prices have declined more recently, gas drilling activity has slowed while development of higher-priced oil has accelerated.
(HARRISBURG, Pa.) -- Sept. 16, 2015 --Harrisburg has become preoccupied with budget process and tactics in recent weeks. But what Pennsylvanians need is a good budget outcome – a budget that reinvests in education, jobs and communities using revenues from a severance tax, provides property tax relief and puts the state’s fiscal house in order.
To refocus attention on the key budget choices that legislators and Gov. Wolf must make, the Pennsylvania Budget and Policy Center launched “Why the Budget Matters – Let’s Count the Ways.”
(HARRISBURG,PA) June 27, 2015 – Mark Price, research director of the Pennsylvania Budget and Policy Center,* issued the following statement in response to House Bill 1192, the General Appropriations bill, which the Pennsylvania House of Representatives is debating today:
“This budget is essentially Gov. Corbett’s fifth budget. It resurrects a failed, cuts-only approach to the budget that has been discredited by Pennsylvania’s experience over the last four years, in the vain hope that by doing the same thing again we will produce a different outcome. Pennsylvania’s recent poor economic performance can be directly attributed to this failed approach.
Instead, I encourage members of the General Assembly to look at the latest polls to see what’s important to Pennsylvania voters. Voters want to see restoration of education funding, property tax relief and a tax on drilling.
The Pew Charitable Trust recently looked at how all 50 states are recovering from the Great Recession (late 2007 to mid-2009) and the challenges – loss of tax revenue, depletion of cash reserves, increased demand for certain services – they faced. A closer look at the Pennsylvania data showed that spending and tax cuts in 2011 reversed Pennsylvania’s initially robust recovery of state revenues following the Great Recession.