Dan Stickel
24:53 - 26:07
“Property tax revenue to the state would be estimated at $24 million initially in 2029, ramping up to $239 million by 2033, which is when the full export operations begin and the project construction is completed. And then the municipal revenues, in addition to those state revenues, would start at $50 million initially in 2029, ramping up to $497 million in 2033. So all told, you have a little over $700 million per year of property tax revenue that would come just from the AK LNG project to the state and municipalities if the project were to proceed under current law.”
- Speaker
- Dan Stickel
- Timestamp
- 24:53 – 26:07
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
And so these are based on the $46.2 billion real capital cost, which is our baseline capital cost assumption for the project. There has been some recent material new information released by the developer that that is basically the low end of their range of potential capital costs. But if the project were to proceed without tax modifications under current law, Property tax revenue to the state would be estimated at $24 million initially in 2029, ramping up to $239 million by 2033, which is when the full export operations begin and the project construction is completed. And then the municipal revenues, in addition to those state revenues, would start at $50 million initially in 2029, ramping up to $497 million in 2033. So all told, you have a little over $700 million per year of property tax revenue that would come just from the AK LNG project to the state and municipalities if the project were to proceed under current law.
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