An industry-funded study of the economic impact of drilling for shale gas in Maryland's westernmost two counties found that production would create 1,814 permanent jobs by 2025 and contribute $441 million in tax revenues to the state and Garrett and Allegany counties.
"The fiscal impact will be enormous, particularly at the county level," Sage Policy Group CEO Anirban Basu said in a conference call Thursday.
Garrett and Allegany counties collect 5.5% severance taxes on gas production. Basu estimated that the state of Maryland would enact a 2% severance tax.
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