Shale Comes Up in Budget Talks | Green Arkansas

Wednesday, October 8, 2008

Shale Comes Up in Budget Talks

Posted By on Wed, Oct 8, 2008 at 9:21 AM

Budget hearings began Monday, and the governor and other legislators are proceeding with caution.  Beebe delayed a decision on whether or not to restore some of the money that was cut from this year's budget.  There has been a lot of talk about the economic impacts of the Fayetteville Shale play.  Most seem to think that the economic benefits are shielding Arkansas fromt the national economic crisis, but some are raising questions. 

[Rep. Kevin] Anderson, [R-Rogers], chairman of the House Revenue and Taxation Committee, said the best thing to do would be to hold off on making any decisions for at least 60 days.

"I'm not 100 percent sure the Fayetteville Shale will be able to offset fully what's going on nationally," he said.

Industry and state finance officials have said natural gas drilling activity in the shale play has helped bolster Arkansas' economy as some other states face tough economic times. 

You can read the rest of the article here.

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