Bert Stedman
Senator · Alaska State Senate · District A
Elected OfficialVerified
14 articles · 20 transcripts · 24 clips
Also known as:Senator StedmanStedmanSteadman SteadmanBert K Stedman
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Senator · Alaska LegislatureSenatorSenator · Chairman · Senate Finance CommitteeChairman · Senate Finance Committee
Alaska's gas-pipeline bill now carries a tax on Hilcorp and others
“with their interest cost and their depreciation, there's gonna be no net income, taxable net income for 2 decades. Literally, 2 decades. So I don't know how that, I guess, will wind up into a tax conversation later on the next couple of days, but you don't pay taxes unless you have a net income.”
Alaska News1d ago
State economist: even with tax breaks, the gas line barely works
“The price that they can sell the gas for doesn't change.”
Alaska News1d ago
Senate Finance demands Phase 1 pipeline math before Alaska LNG tax vote
“The issue at the table is the gas line. And what would be nice if we could see an analysis on the gas line itself and also the marginal impact of the change in property tax from the 20 mills to, you know, the— to the 2 mills, which is basically what's on the table. And the delta dealing with financing, if it's 80% leverage, 70% leverage, different interest costs, looking at the cash flows just like we do when we get into the oil stuff.”
Alaska News1w ago2 attributions
Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break
“we're being told here at the table it may cost 45 billion or it may cost 90 billion. It's not an acceptable answer, just not an acceptable answer”
Alaska News3w ago
Kawerak offers CDL scholarships for Bering Strait Tribal members
“spreading it out around the state, trying to give as many of the young Alaskans opportunity as absolutely possible”
Alaska News4w ago
Senate Finance Committee: how do you analyze a $46.2 billion pipeline without the numbers?
“we concluded after that meeting that the Department of Revenue and Natural Resources on the state level needs to put together an integrated financial model.”
Alaska News4w ago3 attributions
Alaska LNG could cost $70 billion; state's 25% stake faces dilution
“this committee has spent year after year after year dealing with construction projects all across the state and we have massive inflation and cost escalations over the last decade to the point where we've had to put in tens of millions of dollars backfill for OMB— excuse me, not OMB, but our contractors to facilitate the completion of their contracts”
Alaska News1mo ago5 attributions
Alaska Senate opens special session on natural gas tax overhaul
“So when we put a package together, we hopefully don't have to suffer from gaposis and find out we missed something of significant— of significance, and that could be very expensive to the state where we can't back up and fix it.”
Alaska News1mo ago2 attributions
Dunleavy vetoes transit plan, calls special session on gas pipeline tax
“Senate Finance is scheduled to start on Wednesday morning at 9:00 a.m. That's Wednesday morning at 9:00 a.m. The staff is already working with the resource staff in preparing documents and some of the reviews that the Resource Committee has worked on.”
Alaska News1mo ago
Alaska Senate Passes Education Bill With 4% Property Tax Cap
“Some of our communities stay flat for decades.”
Alaska News1mo ago
Alaska Legislature fails to override veto of pension bill
“This year's payment, like I mentioned, is over a couple hundred million. We have about $6 billion to go, some say $7, depending on, pick your year, time of year you want to measure it. We've paid about $7, we got about $7 to go.”
Alaska News1mo ago
Senate Finance exempts emergency management from contract payment rules
“I move that the Finance Committee adopt the committee substitute for House Bill 133, version U, before the committee committee as our working document.”
Alaska News1mo ago
Alaska Senate Passes Operating Budget With Energy Relief
“what we're doing here, Mr. President, is we are backfilling these funds to help the victims because of the shrinking dividend.”
Alaska News1mo ago
Senate Passes $2.47B Capital Budget Focused on School Repairs
“94% of it is going to K-12. Maintenance. That's the significance of what we're doing.”
Alaska News2mo ago10 attributions