Philly Profiting from Fracking…Sort Of
Philadelphia-area property owners don’t have the option of leasing land to gas companies to cash in on the state’s Marcellus Shale fracking boom. (Nor is their tap water lighting on fire.) Because of the state’s impact fee (i.e. tax) on the process, however, it is reaping some financial benefits. According to data released yesterday, the Philadelphia region will get $3.4 million of the $202.5 million being disbursed statewide. Philly proper will get $1.3 million. [Inquirer]
