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Shell tax breaks could impact local Pa. government



Published: Wed, August 29, 2012 @ 12:45 p.m.

PITTSBURGH (AP) — A billion-dollar tax break for a proposed Shell petrochemical facility in western Pennsylvania would cut property tax revenue, but local officials still want the plant.

The school district could lose $275,000 in property taxes and the rural township of Potter could lose about 7 percent of its annual budget under a state tax incentives package, the Pittsburgh Post-Gazette reported today.

Local officials gave those figures to members of the House Appropriations Committee at a hearing Tuesday night in Monaca, which is about 40 miles north of Pittsburgh.

That’s where Shell hopes to build a multibillion-dollar petrochemical plant to convert natural gas into more profitable chemicals. Shell has identified the site as its first choice in the region, but it hasn’t made a final decision to build.


Comments

1georgejeanie(844 comments)posted 2 years, 1 month ago

Oh, the negativity, better to let people sit around on the government tit, than give a company tax breaks. This company would employ thousands of people directly and then with the other suppliers ,many more jobs and these people that have jobs pay taxes. Doesn"t the messiah want more tax money? He is crying he doesn"t have enough money, this would surely hlp him with more government boonedoggles.

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2southsidedave(4784 comments)posted 2 years, 1 month ago

A billion-dollar tax break now, could yield much more than that in the future.

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