Pennsylvania’s Independent Financial Office has released a report summarizing the performance of the impact fee in 2018. The report, which is released annually, discloses revenue figures generated from impact fee collections, as well as explaining the formula used to calculate the fee. Additionally, the IFO discusses its projections for revenues in the next calendar year.
Washington & Jefferson professors Leslie Dunn, Ph.D. and Robert Dunn, Ph.D.’s study on the economic effects ethane cracker plant in Beaver County is available to read! The study can be found at the following link: https://bit.ly/2PrZQ78
“Data are collected for all counties in the 48 continental US states from 2001 through 2016. Estimation results show that counties with an ethylene cracker plant are associated with higher levels of per 19 capita employment and real mean earnings. While employment does not change in these counties as petrochemical and plastics and resin manufacturing employment increases, earnings do increase by approximately $1,000 for each percentage point increase in this type of employment”
“Major production of natural gas in Pennsylvania from unconventional wells drilled into the Marcellus Shale began in earnest in 2008, with approximately 200 wells in operation by year’s end. Since then, drilling has grown exponentially, with over 6,649 shale gas wells in operation in 2013. The rapid growth of shale gas extraction in Pennsylvania has presented both challenges and opportunities. The industry has created jobs, generated wealth for some property owners, and after the passage of a state impact fee, provided local governments with a new source of revenue. At the same time, the rapid development of these resources has raised questions of management and planning for local governments in the Commonwealth, including consideration of socio-economic, health, environmental, and economic impacts.
The shale gas boom in Pennsylvania has precipitated a flurry of pipeline development activity. As natural gas production from unconventional wells has grown, so too has the need for pipelines that move the gas from well to market. Over the next several years, Pennsylvania is expected to see tremendous growth in its natural gas pipeline network. Some experts estimate that the number of miles of pipeline in the Commonwealth could quadruple. Given the magnitude of growth in the pipeline network, the potential for impacts to local communities and the natural landscape is great.