
Peter Micciche
18:00 - 18:42
"As noted by Northern Economic Study, we're by far the most proportionally affected community on the project and the only community that will be living with this giant active facility in a small town and on our coast for the next half century."
“As noted by Northern Economic Study, we're by far the most proportionally affected community on the project and the only community that will be living with this giant active facility in a small town and on our coast for the next half century.”
As noted by Northern Economic Study, we're by far the most proportionally affected community on the project and the only community that will be living with this giant active facility in a small town and on our coast for the next half century. We're thrilled. With the right partnership, adequate taxation that amounts to enough, and quality operating entity at the helm, Much like I experienced through my career, new generations will build their lives from the opportunities provided in many diversified careers directly and indirectly through AKLNG. The key to that sentence is adequate taxation, not excessive, but adequate to cover our costs. We do not have our hands out to get rich.
Kenai Peninsula Borough Mayor Peter Micciche told the Alaska Senate Finance Committee Wednesday that the House version of the Alaska LNG tax bill provides a workable 70% property tax reduction, while the original 90% cut would have left local taxpayers subsidizing the project.

Legislative Finance Division analysis shows the alternative volumetric tax structure in Senate Bill 2001 would generate approximately $124 million annually when the full Alaska LNG project is operational, with Kenai Peninsula Borough receiving $55 million and North Slope Borough receiving $40 million based on capital expenditure weights.
