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Tom Libous Reports to You
Governor Paterson's Looking at Gas Drilling for State Revenue
I'm disappointed in what I saw in Governor Paterson's Budget Proposal that was released yesterday.
He didn't cut spending. In fact he increased it by $787 million.
He's looking for almost $1 billion in new taxes and fees.
Included in Governor Paterson's Budget Proposal is a 3% severance tax for gas companies extracting from Marcellus Shale. In my letter to Commissioner Grannis I asked that any new taxes be dedicated to safe drilling. It doesn't appear that the Governor is proposing that.
The good news for safe gas drilling is that Governor Paterson has allowed for an increase in DEC, DOH and PSC staff specifically to handle safe natural gas drilling.
Hashing this out over the next few months will be tough. But we've got to get spending down and give businesses some tax relief so they are willing to keep doing business in New York.
Keep in touch!
Tom
From the Desk of Tom Libous
Dear John,
Happy New Year! I hope 2010 will be a safe and happy year for you and your family.
As you know, the DEC's comment period on the draft SGEIS for natural gas drilling ended last Thursday. I'm glad so many of you took the time to express your opinions on it. If you'd like, you can read my letter at Safe Drilling Now.
You can also read other comments from Assemblywoman Lupardo, County Executive Fiala and other community and statewide groups on the draft SGEIS.
Be sure to check for the latest news on www.safedrillingnow.com as we wait for the DEC's next step.
Stay in touch.
Wikipedia The Marcellus Formation, also classified as the Marcellus Subgroup...
NYS DEC Marcellus Shale. Gas well drilling in the Marcellus Shale...
