Forrest Dunbar
106:39 - 107:27
"the bill itself is geared around this date. This is not an arbitrary date. We know that the— as some folks call it, the kill switch, which reverts the bill back to the property tax system if there is no FID, that happens in 2028. Now, effectively what we are doing, if lease expenditures begin and construction begins, and those write-offs are occurring, and we've pushed this out another year, we have reduced oil revenue for that entire year to the tune of potentially tens or even hundreds of millions of dollars."
“the bill itself is geared around this date. This is not an arbitrary date. We know that the— as some folks call it, the kill switch, which reverts the bill back to the property tax system if there is no FID, that happens in 2028. Now, effectively what we are doing, if lease expenditures begin and construction begins, and those write-offs are occurring, and we've pushed this out another year, we have reduced oil revenue for that entire year to the tune of potentially tens or even hundreds of millions of dollars.”
- Speaker
- Forrest Dunbar
- Timestamp
- 106:39 – 107:27
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 19, 2026
From the transcript
But it's also the case is that the bill itself is geared around this date. This is not an arbitrary date. We know that the— as some folks call it, the kill switch, which reverts the bill back to the property tax system if there is no FID, that happens in 2028. Now, effectively what we are doing, if lease expenditures begin and construction begins, and those write-offs are occurring, and we've pushed this out another year, we have reduced oil revenue for that entire year to the tune of potentially tens or even hundreds of millions of dollars. And for that reason, this is an anti-schools amendment to the amendment, essentially.
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