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Currently, phone directory revenue subsidizes basic telephone service. The provisions of this bill mandate a rate adjustment for the incumbent telephone company, removing the phone directory subsidy of approximately $30,000,000. The bill also requires a rate proceeding to adjust telephone rates by this

 

FY 99 Approp. FY 00 Approp. FY 99 Revenue FY 00 Revenue
General Fund $303,000 $303,000 $1,168,500 $1,168,500
Uniform School Fund $75,000 $75,000 $0 $0
Federal Funds $55,000 $55,000 $0 $0
Dedicated Credits Revenue $30,000 $30,000 $0 $0
Other $20,000 $20,000 $0 $0
Local Revenue $310,000 $310,000 $307,500 $307,500
TOTAL $793,000 $793,000 $1,476,000 $1,476,000

 

Office of the Legislative Fiscal Analyst

1/24/1998 10:50:39 AM

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