Alaska pauses plan to borrow $1 billion for oil-company payouts

Department of Revenue awaits decision in pending lawsuit against proposal

Eric Forrer, left, and Joe Geldhof, right, have sued the state of Alaska in an attempt to stop a plan that calls for borrowing up to $1 billion from global bond markets to pay oil and gas tax credits owed by the state. They are pictured May 22, 2018 in an interview at the Juneau Empire. (James Brooks | Juneau Empire File)

Eric Forrer, left, and Joe Geldhof, right, have sued the state of Alaska in an attempt to stop a plan that calls for borrowing up to $1 billion from global bond markets to pay oil and gas tax credits owed by the state. They are pictured May 22, 2018 in an interview at the Juneau Empire. (James Brooks | Juneau Empire File)

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Michael Penn / Juneau Empire file
                                A humpback whale is seen near Shelter Island in August 2011.
                                A humpback whale is seen near Shelter Island on August 3, 2011. (Michael Penn | Juneau Empire)
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