Sen. Corman Statement on Gov. Wolf’s Severance Tax Proposal

“We understand there is a keen interest by Gov. Wolf to enact a severance tax. However, we have priorities too including reforming pensions. We repeatedly have said we cannot consider new revenue until we deal with pensions, which will have the effect of saving significant tax dollars in the long run.

“We have a bucket that is leaking. It would be a misstep to persist at putting water in the bucket without first plugging the leak. We support education funding, however, right now, two-thirds of every new dollar coming into the state coffers goes directly to pay state pensions. The reality is that we have to reform the pension system this year – we have to plug the leak.”

Contact:

Jennifer Kocher – jkocher@pasen.gov