Alaska Mayors Oppose LNG Project Tax Cut

0:00Mayors from five Alaska burrows, North Slope, Denali, Fairbanks North Star, Madanuskas to Sitna, and Kanai Peninsula are pushing back on Governor Mike. Dunleavy's bill to slash property taxes for the massive Alaska LNG project. They back the 800 mile pipeline from the North Slope to Nikeski, but say the current plan cuts local revenues way too deep, swapping big. Property taxes for a tiny volumetric one that only starts after 1 billion cubic feet of gas flows daily or 10 years in. The bill aims to make the $46 billion project viable by easing tax burdens with gas hitting Alaska homes by 2029 and Asian, markets by 2031. Without it, the Governor warns the state misses $22 billion in revenues over 30 years and locals lose $4 billion too. These mayors worry about footing the bill for thousands of workers, straining housing, roads, water systems, and emergency services. North Slope could lose $12 billion over 30 years, Kanai sees a 90% property tax drop and

1:04smaller spots like Fairbanks might. Gid just $50,000 a year instead of $350,000. Project leaders from Glen Farn and the Governor's team told lawmakers they're in talks with the burrows and expect fixes soon, like tweaking when the. Two tax kicks in, maybe at 250 million cubic feet daily. Developers promise to handle some impacts themselves, repairing roads, and providing their own medical and transport services. All sides agree the project could transform Alaska's economy with cheap gas and jobs, but the mayor's stress getting a fair deal now to protect. Communities for decades without setting bad precedents for future ventures. That wraps Anchorage News today, brought to you with AI, I'm Corey with The Story.