“cumulative through 2062 under our baseline assumptions, under current law we show $29.7 billion of cumulative state revenue. Under the bill introduced by the Governor, we show $22.5 billion, and under the version before the committee, we show $25. $1.1 Billion of cumulative state revenue.”
- Speaker
- Dan Stickel
- Timestamp
- 51:38 – 52:08
- Transcript
- House Finance, 5/21/26, 1:30pm
- Community
- Alaska News
- Captured at
From the transcript
Okay. So again, comparing slides 26, 27, and 28, cumulative through 2062 under our baseline assumptions, under current law we show $29.7 billion of cumulative state revenue. Under the bill introduced by the Governor, we show $22.5 billion, and under the version before the committee, we show $25. $1.1 Billion of cumulative state revenue. Please.
Related Coverage
Alaska gas line faces economic challenge even with tax breaks
Alaska LNG needs $8.48 to $9.07 per thousand cubic feet to break even, but global prices are $8 to $9. • Governor's tax plan cuts state revenue from $29.7 billion to $22.5 billion over the project's life. • Capital cost overruns and producer gas prices pose bigger risks than tax relief can fix. • State could invest $4.4 billion for a 25 percent equity stake.
House Resources gas line bill would cost municipalities $13B under governor's plan
Governor's plan cuts municipal revenue by $13 billion, House Resources version cuts only $2 billion • Governor replaces property tax with volumetric tax statewide, House Resources keeps property tax on facilities • Both versions reduce state revenue, project remains economically challenged at current market prices
