
Peter Micciche
16:19 - 16:54
"Next door neighbors and all Nokiski taxpayers pay approximately 9 mills for their homes and businesses as partners and contributors to KPB services. The LNG liquefaction facility and marine terminal is expected to cost between $23.6 and $28.4 billion. At 9 mills, AKLNG would be paying between $212 and $215 million annually."
“Next door neighbors and all Nokiski taxpayers pay approximately 9 mills for their homes and businesses as partners and contributors to KPB services. The LNG liquefaction facility and marine terminal is expected to cost between $23.6 and $28.4 billion. At 9 mills, AKLNG would be paying between $212 and $215 million annually.”
Too short. Taxpayers I answer to would have absolutely been left holding the bag at some level, when any level is unacceptable and unaffordable. Next door neighbors and all Nokiski taxpayers pay approximately 9 mills for their homes and businesses as partners and contributors to KPB services. The LNG liquefaction facility and marine terminal is expected to cost between $23.6 and $28.4 billion. At 9 mills, AKLNG would be paying between $212 and $215 million annually.
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.
