Alexi Painter
41:03 - 41:48
"For Phase 2, your annual AVT revenue would be 8 cents times 500,000 times 365 plus 10 cents times 2.5 million times 365, and that's $107.3 million. And so that's roughly with that higher end cost estimate, that's a mill rate of about 1.97 mills."
“For Phase 2, your annual AVT revenue would be 8 cents times 500,000 times 365 plus 10 cents times 2.5 million times 365, and that's $107.3 million. And so that's roughly with that higher end cost estimate, that's a mill rate of about 1.97 mills.”
- Speaker
- Alexi Painter
- Timestamp
- 41:03 – 41:48
- Community
- Alaska News
- Location
- Kenai Peninsula
- Captured at
- June 10, 2026
From the transcript
So for that, you would take— for the in-state, the revenue amount would be 6 cents times 500,000 times 365. That gets you $11 million per year. And then, uh, to try to turn that into a mill rate with a $16.9 billion project cost, that's a property tax rate about 0.65 mills, something like that. For Phase 2, your annual AVT revenue would be 8 cents times 500,000 times 365 plus 10 cents times 2.5 million times 365, and that's $107.3 million. And so that's roughly with that higher end cost estimate, that's a mill rate of about 1.97 mills.
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