The state’s governor said gas taxes will help schools, but an energy coalition working in Pennsylvania said it will discourage capital spending plans in shale. Arguing schools have suffered from $1 billion in funding cuts, Pennsylvania Gov. Tom Wolf proposed a severance tax on gas extraction in the state to help right the state’s economic ship. The state hosts the Marcellus shale natural gas formation, which accounts for almost 40 percent of all shale gas produced in the United States. The governor’s proposal, dubbed the Pennsylvania Education Reinvestment Act, calls for a 5 percent tax plus 4.7 cents per thousand feet of gas extracted. The governor said the proposal is modeled after severance tax plans in other states in the region, […]