Fairbanks officials content to sit on windfall

There won’t be a spending spree in Fairbanks when the borough gets an unexpected $10 million.

The money comes from an ongoing lawsuit from local governments and oil companies over the taxation values of the trans-Alaska pipeline.

The Fairbanks Daily News-Miner reports that the Alaska Supreme Court last month affirmed the value of the pipeline for tax years 2007 through 2009.

Fairbanks North Star Borough officials say they plan to save the money. It could be used to address overdue building maintenance or to cover shortfalls in state money for public education.