Drill Bits: Agreement On Budget Number And Shell Tax Break
- Governor Corbett and top lawmakers are keeping the details to themselves for now, but last night they reached an agreement on a $27.65 billion budget framework. That’s about $500 million more than what Corbett proposed in February.
- Leaders say they have also reached an agreement on the Shell tax break. (Again, no word on the fine print yet.)
- Yesterday, Corbett hinted the $66 million figure – which works out to $2.10 per gallon of ethane — may shift.
- Finally, here’s a bit more detail on Corbett’s trust of industry-provided job estimates, and where the state is on its own study of the ethane cracker’s benefits.