California Assembly majority leader Alberto Torrico has introduced a bill to enact an oil and gas severance tax, the revenue from which would be used to supplement state funding for all three tiers of California's higher education system (community colleges, Cal State Universities and the UC).
California is the third largest oil-producing state in the US, and the only state without an oil severance tax. Even the reddest of the red states, Texas, has an oil severance tax, which has been used since the 1800s to support public education.
This seems like a good idea whose time has come.
No comments:
Post a Comment