Thursday, August 4, 2016

Alaska’s Budget Cuts Puts GCI Out In The Cold

As a result of the State of Alaska’s failure to approve a 2016 fiscal plan, General Communications Inc. (GCI) has announced it will decrease its spending by 20 to 25%, reports the Alaska Journal of Commerce in a recent article.
Alaska Gov. Bill Walker put forward a plan to fund the state government by restructuring the state’s Permanent Fund. Although passed in the Senate, the House failed to vote on the bill, leading Walker to veto $1.3 billion in state spending. 

GCI had originally planned to spend roughly $210 million in 2017 on expanding its rural presence within the state, which it had been doing by “adding redundancies to existing broadband networks,” says the article. Continue Reading

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