
Peter Micciche
16:07 - 16:19
"We always knew that property tax discussions had to occur. Wish they'd started earlier. They didn't. That's water under the bridge. But the original governor's bill left us woefully short on the Kenai."
“We always knew that property tax discussions had to occur. Wish they'd started earlier. They didn't. That's water under the bridge. But the original governor's bill left us woefully short on the Kenai.”
We always knew that property tax discussions had to occur. Wish they'd started earlier. They didn't. That's water under the bridge. But the original governor's bill left us woefully short on the Kenai.
Kenai Peninsula Borough Mayor Peter Micciche told the Alaska Senate Finance Committee Wednesday that the House version of the Alaska LNG tax bill provides a workable 70% property tax reduction, while the original 90% cut would have left local taxpayers subsidizing the project.

Legislative Finance Division analysis shows the alternative volumetric tax structure in Senate Bill 2001 would generate approximately $124 million annually when the full Alaska LNG project is operational, with Kenai Peninsula Borough receiving $55 million and North Slope Borough receiving $40 million based on capital expenditure weights.
