
Peter Micciche
19:09 - 19:44
"You have the choice in your hands between Alaskans like the folks on the Kenai holding the bag for 2 generations or enough in local taxes to provide for a healthy 30-plus-year partnership absent of local taxpayer subsidies."
“You have the choice in your hands between Alaskans like the folks on the Kenai holding the bag for 2 generations or enough in local taxes to provide for a healthy 30-plus-year partnership absent of local taxpayer subsidies.”
Don't— you don't have to make us wealthy, but you must keep us whole. You have the choice in your hands between Alaskans like the folks on the Kenai holding the bag for 2 generations or enough in local taxes to provide for a healthy 30-plus-year partnership absent of local taxpayer subsidies. Thank you for the invitation to testify and for caring about finding the right balance that supports this project and actually helps Alaskans. Thank you, Mr. Mayor. Do members of the Senate Finance Committee have questions of Mayor Machickie?
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.
