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Tuesday, January 15, 2013

Sales Tax Revenue Climbs in Ohio as Utica Shale Exploration Increases

From EID Ohio:
Taking a look at the top permitted counties in the state and their sales tax revenues over the past year, it is simple to see the tremendous impact the expanding development is having on the region.  These are numbers that can’t be ignored when having an honest discussion on the benefits Utica Shale development is having on eastern Ohio.
Carroll County
Carroll County is the most permitted county in the Utica, and has seen more development to date by good measure.  Carroll County has 176 Utica Shale permits, and has been Chesapeake Energy’s most active county in the state.  With all of this development, Utica Shale has increased sales tax revenues in the county from $1,933,378.81 to $2,581,732.00.  This increase represents a sales tax increase that equates to a 25% growth in just a matter of a year.
Read the whole article here. 

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