Nearly $4 Million in Natural Gas Impact Fees to Benefit Region
In addition to supporting the state’s energy needs and providing good-paying careers, Pennsylvania’s natural gas industry contributed nearly $280 million in impact fees in 2022. This is an increase of about $44 million, or 19%, over the prior year.
Locally, Cameron County and its municipalities will receive $1.4 million, McKean County and its municipalities will also receive $1.4 million, and Potter County and its municipalities will receive $1.03 million. Impact fees are distributed to municipalities based on the amount of natural gas drilling occurring there.
The Impact Fee provides funding to the Commonwealth Financing Authority, which has generated more grants for the counties as listed below:
$535,738.28 for Cameron County government
$876,450.97 for Cameron County municipal governments
Since the enactment of impact fees, more than $32 million has been returned to counties and municipalities in the 67th Legislative District.
Under Act 13 of 2012, impact fees are collected from natural gas drilling companies with 60% returned to counties and municipalities affected by drilling. The rest of the money goes into a Marcellus Shale Legacy Fund, a portion of which is provided to counties. The remaining funds are used by the state for emergency response planning, training and other activities; water, storm water, and sewer system construction and repair; infrastructure maintenance and repair; as well as statewide environmental initiatives.
To view detailed reports of the funding distribution, visit www.PUC.pa.gov
Each municipality is listed towards the top right of the page.
The year selected is 2022
No comments:
Post a Comment