BLOG: A Commonsense Severance Tax To Fund Our Schools SHARE Email Facebook Twitter February 19, 2016 You can find updates and behind-the-scenes content on the 2016-2017 budget announcement on our Facebook and Twitter.Read more posts about Governor Wolf’s 2016-17 budget.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf By: Pedro A. Rivera, Secretary of Education Budget News, Education, Schools That Teach, Severance Tax, The Blog Last June’s unanimous passage of a funding formula by the bipartisan Basic Education Funding Commission was cause for celebration for Pennsylvania’s schools, parents, students, and communities.Using a fair and equitable formula would mean education funding could finally be allocated in a balanced way, accounting for the true needs to educate a given student in a given school. However, as beneficial as this formula could be in ensuring that funding is driven out equitably in the commonwealth, a formula means little if there is not adequate funding to support its use.Governor Wolf has been fighting for historic increases in education funding at all levels since day one. A commonsense severance tax plan would support this investment and help lay the foundation for long-term economic growth in the commonwealth. The governor’s plan will also help ensure our students across the commonwealth have access to a high-quality education to prepare them for college or career.A fair severance tax on natural gas drillers would provide our schools with a dedicated funding source, help to increase the state’s share of education funding, and reduce the reliance on property taxes to fund our schools.Pennsylvania is at a crossroads and our state’s leaders need to decide which path the commonwealth will choose. One path invests in education, eliminates the deficit, and puts Pennsylvania back on track to a greater future. The other path, not investing adequately and fairly in education, restricts our state’s future. Failing to invest in education threatens the competitiveness of our workforce, damages our state’s and school districts’ credit ratings, and diminishes the overall quality of life in our communities.A commonsense severance tax would provide the needed funds to maximize the impact of the bipartisan funding formula, which would help our students continue to progress toward college and career readiness, while also serving as a down payment on the state’s long-term economic growth.