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