Revenue Drop Hard to Accept
The headline of the Wheeling News -Register Dec. 5, was “WV Budget Cuts Loom as Revenues Decline.”
I find this hard to believe with all of the activity in the Marcellus Shale natural gas drilling and related activity in the state.
I am 90 years old and have not had to pay state income tax for years. I have only a few acres but I have already sent in estimated state tax of several thousands from my royalties. So multiply this by the thousands of large and small land owners, plus all the gasoline tax generated by all the trucks and other gas and oil related activity throughout the state and it seems hard to believe that state revenues could be declining.
In addition to the above, there are several pumping and processing stations already constructed and some like the multi-billion dollar processing station near Kent, W.Va., under construction. These plants employ hundreds maybe thousands of workers who all pay taxes on their wages; plus most everything else they buy.
All of this makes it hard to believe this headline and several other news articles related to declining revenues that have been in the paper over the past several weeks.
Justus Luzader Jr.