It's clear where the Governor stands.......he's already anticipating
"revenues" from the extraction
and a lousy 3 % tax at that.
THE ITHACA JOURNAL
http://www.theithacajournal.com/article/20100119/NEWS10/100119017/Paterson+proposes+tax+on+Marcellus+gas+extraction++soda+in+state+budget
January 19, 2010
Paterson proposes tax on Marcellus gas extraction, soda in state budget
By Joseph Spector
Albany Bureau
30 years of state spending (in billions)
ALBANY -
Gov. David A. Paterson today proposed a severance tax on some
natural-gas producers.
A 3 percent tax would be imposed on natural-gas producers in the
http://www.pressconnects.com/article/99999999/NEWS01/80507030&theme=gaslease&template=gas";>Marcellus
and Utica Shale formation in the Southern Tier and central New York
using a horizontal well. The state doesn’t expect any revenue in the
2010-11 fiscal year, but estimates $1 million in the following fiscal
year.
Smokers would have to a pay $1 more in taxes on a pack of cigarettes,
soda drinkers would have to pay about 16 percent more on a can of soda,
and gamblers would be able to spend more time playing
http://www.nylottery.org/ny/nyStore/cgi-bin/ProdSubEV_Cat_402_SubCat_337556_NavRoot_300.htm?";>Quick
Draw and video-lottery terminals under
http://publications.budget.state.ny.us/eBudget1011/ExecutiveBudget.html";>Gov.
David Paterson’s budget plan today.
With the state facing a $7.5 billion deficit in the 2010-11 fiscal
year, Gov. David Paterson is proposing $1 billion in new taxes and
fees. The proposal is much lower than in the current fiscal year when
Paterson and lawmakers agreed to about $8 billion in new taxes and fees
to close a $18 billion budget gap, but if approved the new taxes would
still be a hit to many New Yorkers.
Statewide school aid figures
http://www.pressconnects.com/article/20100119/NEWS01/100119015/Paterson+proposes++2.1B+cuts+to+schools+++health+care";>Paterson
proposes $2.1B in school, health cuts
http://www.pressconnects.com/assets/pdf/CB150326119.PDF";>Review a
statewide list of municipal aid and pending cuts
The cigarette tax would increase the current $2.75 per-pack tax by $1,
giving New York the highest tax on cigarettes in the country. The state
estimates it would bring in $218 million a year in new revenue.
The excise tax on ‘beverage syrups and soft drinks” would be imposed at
a rate of $7.68 per gallon for syrups and $1.28 per gallon for soft
drinks and powders. It would essentially mean about a one penny per
ounce tax on sodas and other sugary drinks. So the $1 cost of a 16-oz.
bottle of soda would increase by about 16 cents.
The proposal, which fizzled last year after Paterson proposed it, would
bring in about $465 million for the state, Paterson estimated. Pepsi
and other major bottlers in New York have fought the measure.
Paterson would impose $240 million in assessments and surcharges on the
health-care system, including on hospitals, physicians and nursing
homes.
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