
Mike Dunleavy
4:02 - 4:32
"modifying this property tax, converting it into a pilt, which is a plan in lieu of taxes, in which the local communities, the local boroughs, the state and the private concern, Glenn Farn, could come together around an agreement that would allow this to become financeable."
“modifying this property tax, converting it into a pilt, which is a plan in lieu of taxes, in which the local communities, the local boroughs, the state and the private concern, Glenn Farn, could come together around an agreement that would allow this to become financeable.”
But modifying this property tax, converting it into a pilt, which is a plan in lieu of taxes, in which the local communities, the local boroughs, the state and the private concern, Glenn Farn, could come together around an agreement that would allow this to become financeable. In other words, we want to be as competitive as possible with the rest of the country and the rest of the world. So people are asking, you know, well, Dunleavy, what's this PILT all about? Why do we need it? Why is it necessary?
Governor Dunleavy says Alaska faces electricity costs of 35 to 45 cents per kilowatt hour within five to 10 years without legislative action on a tax bill to finance the North Slope gas pipeline. He warns that rates above 10 cents per thousand cubic feet will make the $40 billion Alaska LNG Project unfinanceable.
