“In our minds, the putative $600 million in royalty and tax would become 5— if we did what we'd be allowed to do, that would become $510 million, because it would come from general fund revenue.”
In our minds, the putative $600 million in royalty and tax would become 5— if we did what we'd be allowed to do, that would become $510 million, because it would come from general fund revenue. Is that right? Co-chair Josephson, yes, it would be a potential appropriation from the state. I think we're still working through exactly how we plan to present that in this chart, whether it's a state revenue and then a separate appropriation to the municipalities, or whether we show it as municipal revenue directly. But we will be coming— I anticipate we will be coming before the committee in the near future with a presentation on that bill.
The Alaska LNG project would struggle to compete in global markets even under the governor's proposed tax relief, with breakeven prices at the high end of current futures markets, according to state modeling presented to the House Finance Committee on Thursday.

The Alaska House Finance Committee heard Thursday that the governor's version of HB 381 would reduce municipal property tax revenue from the Alaska LNG project by over $13 billion compared to current law, while the House Resources version would actually increase municipal revenue by retaining property tax on the gas treatment plant and LNG facility.
