Edna DeVries
42:52 - 44:07
“The Borough Assembly has adopted a resolution that supports a volume tax, protects education funding— that's very important to us— by exempting the increased property values from new project infrastructure, ensures effective municipalities receive the associated tax revenue”
- Speaker
- Edna DeVries
- Timestamp
- 42:52 – 44:07
- Community
- Alaska News
- Location
- Juneau
- Captured at
From the transcript
Redirecting revenues, particularly when project costs will ultimately be borne by ratepayers, undermines that The Borough Assembly has adopted a resolution that supports a volume tax, protects education funding— that's very important to us— by exempting the increased property values from new project infrastructure, ensures effective municipalities receive the associated tax revenue, and provides the back stop if projected volumes are not achieved over time. We encourage the committee to preserve these principles. If the bill does not significantly improve the economics of the project and redistribute taxes to other jurisdictions, this does not change— and does not change the existing tax structure. The Macomb Borough has been very assistance in its position since February. And we have a generational opportunity here to support a project with the purpose of getting affordable gas to Alaska.
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