Alaska state budget

Angela Rodell, Executive Director of the Alaska Permanent Fund Corporation, speaks about the positive results of the fund this year at the APFC office on Thursday, July 26, 2018. (Michael Penn | Juneau Empire)

Alaska Permanent Fund continues to beat market, but returns drop slightly from last year

The investment managers at the Alaska Permanent Fund Corporation have once again beaten the market.

 

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)

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

State officials confirmed Tuesday that a billion-dollar bond issue is on hold amid a pending lawsuit by two Juneau men.