West Virginia is once again grappling with a budget shortfall as severance tax collections have so far missed the mark this fiscal year, which began in July, as natural gas prices stagnate and coal demand remains lackluster.
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NatGas Tax Back on Table in Pennsylvania As Another Bill Advances
It remains unclear if legislation to enact a severance tax on unconventional natural gas production that cleared the Pennsylvania House Finance Committee this week has enough support to pass the Republican-controlled chamber.
October 19, 2017
NatGas, Coal Are Silver Lining As West Virginia Wades Through Budget Impasse
In the midst of a historic budget impasse, West Virginia’s severance tax collections have again provided a glimmer of light, as higher natural gas prices and more coal sales in May helped push state revenue 20% above projections to $350.4 million.
June 7, 2017
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