Budget cuts loom for Valdez following TAPS assessment

by Tony Gorman

The City of Valdez is poised to make budget cuts after receiving the latest news on the value of the Trans-Alaska Pipeline System.  On Wednesday, the State Assessors Review Board valued TAPS at $8.6 billion.  That's down from last year's $9.7 billion.  The city receives 80 percent of its property taxes from oil-related properties within city limits.  Due to the shortfall, $4 million dollars is expected to be cut from this year's budget.


What did you think of this article?

  • No trackbacks exist for this post.
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.


 Email (will not be published)

Your comment is 0 characters limited to 3000 characters.