The State Supreme Court reaffirmed on Wednesday that the Trans-Alaska Pipeline is worth $10 billion.
Oil companies had argued that the pipeline should only be assessed at $850 million, and they based that number on the tariffs collected. At that lower value, the property taxes they pay to cities like Fairbanks and Valdez would be dramatically reduced.
The Supreme Court found that tariff income isn’t the only value derived from the pipeline. Its worth also comes from its ability to transport the billions of barrels of oil from the North Slope.
While the decision only concerns the 2006 assessment, oil companies have made similar arguments over the pipeline’s for other tax years.
- Trump nominated Bryan Schroder for the post, the acting head of the Alaska district since Karen Loeffler and 45 other U.S. attorneys appointed by former President Barack Obama were asked to resign after Trump's election.
- A Senate spokesman says the third special session is likely to start Thursday, July 27, in Juneau, and it's expected to last one or two days. The House and Senate indicated an agreement had been reached.
- The BBC and PBS are teaming up on a special series of live, prime-time nature programs showcasing Alaska’s wildlife to tens of millions people around the world. Cutting edge technology and a lot of luck goes into the high stakes production.
- The three-member Juneau Assembly mining task force is seeking to add two planning commissioners and two members of the public. The group is studying a proposal to streamline the city's mining review process.