0:53
Bert Stedman
33:28 - 34:21
"So if we give them, say, $150 million in tax relief, yet they cost us another $110, we only have a margin of $40. That doesn't make good business sense to me from a consumer's perspective."
“So if we give them, say, $150 million in tax relief, yet they cost us another $110, we only have a margin of $40. That doesn't make good business sense to me from a consumer's perspective.”
- Speaker
- Bert Stedman
- Timestamp
- 33:28 – 34:21
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 9, 2026
From the transcript
Um, so when we're asked on one hand to give property tax relief, which I think is needed in some form— 20 mils was too high, that's 2% of the value— and there is no property tax on construction right now, it doesn't exist, it's in statute, there won't be— but at the end of that, there'd be the property tax would kick in. So if we give them, say, $150 million in tax relief, yet they cost us another $110, we only have a margin of $40. That doesn't make good business sense to me from a consumer's perspective. So I'm a little concerned about that. I don't know what the total dollars that we're asking are going to end up taking off the table for which wouldn't have been collected by property tax.
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