Oil industry revenue
Where it standsIn August 2026 the council approved a Tesoro/Marathon settlement and pulled its refinery tax measure from the November ballot.
What's on the tableHow the next council manages settlement payments, oil-industry taxes and pipeline franchise terms.
- On Aug. 4, 2026 the council voted 4-1, with Jim Dear opposed, to place an up-to-$1-per-barrel tax on refined feedstock on the November ballot. Daily Breeze · Aug 8, 2026
- The Aug. 11 settlement includes a one-time $120 million payment and $250 million paid in yearly installments over 15 years, in exchange for removing the ballot measure. Daily Breeze · Aug 11, 2026
- On Aug. 11, 2026 the council approved the Tax Payment and Settlement Agreement 5-0. Carson City Council minutes, Aug. 11, 2026 (Special Meeting) · Aug 11, 2026
- In February 2026 the council introduced an updated pipeline franchise ordinance 3-2, with Jim Dear and Jawane Hilton opposed. Carson City Council minutes, Feb. 3, 2026 (Regular Meeting) · Feb 3, 2026