PA IFO Predicts 2022 Impact Tax Will be Highest on Record – $275M

In June, MDN told you about this year’s distribution of last year’s (2021) Pennsylvania impact fee revenue (PA's version of a severance tax) to local municipalities and to the black hole of Harrisburg politicians (see PA Pays Out $234M in Impact Tax for 2021 – 2nd Highest Ever). Impact fee revenues for last year were the second-highest ever. The Pennsylvania Independent Fiscal Office (IFO) has just issued an estimate for how much the impact fee will raise this year (to be distributed next year). The IFO says it thinks, based on the price of natural gas and overall drilling activity, that PA will land its biggest impact fee haul ever. IFO's estimates are typically pretty accurate.

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