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Tuesday, April 15, 2014

Liberal Group Cites Carroll County as Example of Why Ohio Severance Tax is Needed

From the Canton Repository:
A report on Utica Shale drilling and fracking in Carroll County urges the state to increase its severance tax and make other policy changes. 
Released Thursday by liberal think tank Policy Matters Ohio, the report was based on interviews, media accounts and government data. 
Carroll County, the state’s most active Utica Shale county, has seen increased economic activity in terms of sales tax revenue, lease bonus payments to landowners, full hotels and restaurants, and some new jobs in service industries, according to the report. 
“However, the story is more complicated than that,” said Policy Matters Ohio researcher Amanda Woodrum. “Some oil and gas industry practices detract from these benefits and there are costs to the community associated with shale development.”
You can read more by clicking right here. 

Carroll County residents - do you agree with the conclusions of the study, that drilling is a net negative for the county and the industry should be subject to extra taxation as a result?

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