Sunday, September 21, 2014

Follow us:
Follow us on Facebook Follow us on Twitter Subscribe to this news feed 

News

CNY

Leaders discuss financials of fracking

  • Text size: + -
CNY/NNY/S. Tier: Leaders discuss financials of fracking
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

ONONDAGA COUNTY, N.Y. -- County executives from across the state have gathered in Central New York for their fall meeting. It’s a chance for leaders to work together on the issues each similarly face.

One of the prime topics of discussion at this year's meetings has been hydrofracking. A presentation Wednesday highlighted taxation issues related to the industry.

Officials say right now, the state has no tax structure for state taxes to be recouped and that's a real concern if New York is even considering allowing gas drilling.

"If it's going to happen, the state has to be prepared to capture revenue from the industry so that local and state costs are covered and there is equity and fairness in the economic value of the business," presenter Martha Robertson said.

And Tompkins County may be ahead of the curve when it comes to these issues. They have already formed a committee that has been looking into taxation and other potential sources of revenue related to the industry.

10.11.12.247 ClientIP: 54.197.130.16, 23.62.6.199 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP