Bert Stedman
125:18 - 126:14
“we're being told here at the table it may cost 45 billion or it may cost 90 billion. It's not an acceptable answer, just not an acceptable answer.”
- Speaker
- Bert Stedman
- Timestamp
- 125:18 – 126:14
- Community
- Alaska News
- Captured at
From the transcript
And it's hard, it's hard for the Department of Revenue which I think prides themselves on giving the Finance committee accurate information. When we sit in to have our discussion on capital expenditures in oil basin, you know, with a five year look forward to the last couple years they have a six month update or so from the industry and that's all held confidential but they give us the numbers, aggregate numbers in the revenue source book every fall, late fall in December and then they normally update the price but on rare occasions they'll even update capital costs in the spring revenue forecast. Yet we're being told here at the table it may cost 45 billion or it may cost 90 billion. It's not an acceptable answer, just not an acceptable answer.
Related Coverage
Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break
Senate Finance heard the proposed Alaska LNG tax break would cut state and municipal revenues by $18 billion over 30 years, but the estimate rests on construction costs that may range from $45 billion to $90 billion.
