HARRISBURG, March 8, 2011 – Following Gov. Tom Corbett’s budget address where he laid out his $27.3 billion spending plan, State Senator Larry Farnese made the following statement:

“I applaud the governor for his efforts to craft a balanced spending plan despite severe fiscal difficulties. We know what is at stake here – a $4 billion budget deficit, a sluggish economy and a stagnant job climate. We need a state spending plan that addresses these and numerous other issues in a fair and equitable manner that is balanced among all in Pennsylvania.”

“I am pleased that the governor has seen the benefit of investing in the Gun Violence Task Force, addressing gun violence and curbing gun trafficking in an effort to keep our citizens safe. I look forward to working with the governor on this very important issue.

“Pennsylvania has seen a flourishing of the film industry, I am pleased that the governor recognizes the positive economic impact that welcoming this industry has had and will have on the state’s revenues. By making a $60 million investment for the film tax credit, Governor Corbett keeps the state competitive.

“While I am pleased that the governor has kept the film tax credit, I am disappointed that there was no mention of taxing Marcellus Shale extraction. As the only state without a Marcellus Shale severance tax, it is imperative that a fair tax on natural gas extraction be considered.

“We should also consider closing the Delaware Loophole. By doing this, we ensure that all Pennsylvanians share the tax burden, we ensure that all Pennsylvanians give their fair share.

“I look forward to working with Gov. Corbett and his administration, as well as my colleagues in the legislature to craft a smart, responsible state spending plan that can sustain economic growth in Pennsylvania while not needlessly burdening the citizens.”

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