California broadband subsidy fund dwindles to less than a third needed for pending projects
CASF funding status Part 2:
With only $145 million in collectable tax revenue left to spend on broadband infrastructure subsidies, the California Advanced Services Fund (CASF) will run dry this year. Last month, 54 broadband projects totalling $533 million in grant requests were proposed for CASF funding. Many, if not all, will be trimmed and some will almost certainly be rejected completely.
My blog post yesterday details the $130 million shortfall in tax revenue collected for CASF – actual and projected – over the final five years of the program, assuming that the legislature doesn’t extend it or the California Public Utilities Commission can’t raise the tax rate applied to in-state phone bills that funds it.… More