Among the many casualties of Gov. Tom Wolf's proposed 2016-17 budget would be the state's struggling natural gas industry, which would get smacked with the highest severance tax rate in the nation.
Based on an analysis by Pennsylvania's Independent Fiscal Office, the effective rate would be 8.5 percent over the life of a typical Marcellus shale well. That's "54 percent higher than top gas-producing states - Texas and Louisiana," says Marcellus Shale Coalition President David Spigelmyer. And this, when the industry has cut investment and jobs.