0:53
Grier Hopkins
23:25 - 24:19
"if we're forced to be taxed under the current language of the full 20 mills, it would add in the neighborhood of $500 per year to each local IGU ratepayer. That language is really important to give us the flexibility in that from that amendment to figure out a payment in lieu of taxes"
“if we're forced to be taxed under the current language of the full 20 mills, it would add in the neighborhood of $500 per year to each local IGU ratepayer. That language is really important to give us the flexibility in that from that amendment to figure out a payment in lieu of taxes”
- Speaker
- Grier Hopkins
- Timestamp
- 23:25 – 24:19
- Community
- Alaska News
- Location
- Anchorage
- Captured at
- May 28, 2026
From the transcript
Currently, the way this is structured, the spur line is under the Title 43 language. So that is really important. Well, there was an amendment passed by and introduced by Senator Myers in Senate resources that was really good and gives flexibility to us as a local municipality. Because if we— how we tax the spur line, if we're forced to be taxed under the current language of the full 20 mills, it would add in the neighborhood of $500 per year to each local IGU ratepayer. That language is really important to give us the flexibility in that from that amendment to figure out a payment in lieu of taxes, uh, with a developer, whoever builds the spur line, whether it's Glenfarm, whether it's an Enstar or IGU or a joint venture or anybody that wants to show up.
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