0:38

Matt Kissinger

40:35 - 41:13

"3 of them really stood out. The first one was what we called state and federal support, such as the loan guarantees, but really it was focused on the loan guarantees. The second one was an even lower gas price, which we have continued to negotiate a lower and lower gas price with the producers. And then finally, even back then, we identified that property taxes were one of the biggest triggers that you could pull."

3 of them really stood out. The first one was what we called state and federal support, such as the loan guarantees, but really it was focused on the loan guarantees. The second one was an even lower gas price, which we have continued to negotiate a lower and lower gas price with the producers. And then finally, even back then, we identified that property taxes were one of the biggest triggers that you could pull.
Speaker
Matt Kissinger
Community
Alaska News
Location
Alaska
Captured at
May 27, 2026

From the transcript

So we had to make it more attractive, and we identified— and go on to the next slide, so slide on page 10— and we identified a number of different optimization, you know, opportunities. But 3 of them really stood out. The first one was what we called state and federal support, such as the loan guarantees, but really it was focused on the loan guarantees. The second one was an even lower gas price, which we have continued to negotiate a lower and lower gas price with the producers. And then finally, even back then, we identified that property taxes were one of the biggest triggers that you could pull.

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AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects

Alaska Gasline Development Corporation testified to the House Finance Committee that Alaska's property tax structure would impose costs roughly 10 times higher than competing LNG projects, with potential annual taxes exceeding $800 million compared to $50 million at the next-highest jurisdiction. AGDC officials said property tax restructuring has been identified as a critical economic lever since 2020, though they acknowledged waiting until late March 2026 to bring legislation forward was a timing mistake.

Bill AlaskaNewsby Bill AlaskaNews3mo ago3 min readAI
Alaska
Cover image for article: AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects