Alaska Gov. Mike Dunleavy has introduced a bill in the Alaska Legislature that would eliminate property taxes for the Alaska LNG megaproject, creating an alternative tax that would generate a smaller revenue. The bill, which aims to remove a financial barrier for the project, could result in an estimated $1 billion in lost potential revenue to the state. However, a borough mayor indicated that municipalities that would host project infrastructure would lose significant property taxes. The project still generates $26 billion over 30 years for state and local taxes and royalty revenue, according to Dunleaver. The alternative tax would be 6 cents per cubic feet of gas per cubic foot.