Estimate: Impact Fee Would Generate $219 Million In 2012
A one-page summary of the impact fee sent to Pennsylvania lawmakers estimates the levy would generate $219 million in 2012, as well as $190 million in retroactive 2011 fees.
The legislation’s per-well fee is not a hard number: it fluctuates based on current natural gas prices and the Consumer Price Index.
60 percent of revenue would stay at the local level, to be split among counties and municipalities hosting wells. A wide range of state agencies would receive fee money, too – we’ll have the full distribution breakdown on the website later this afternoon.
Here’s the full memo:
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