Estimated receipts from FCC spectrum auctions ‘are projected to b...
Estimated receipts from FCC spectrum auctions “are projected to be $1.2 billion lower in 2002 and $1 billion higher in 2004” than it had estimated in April, Office of Management & Budget (OMB) said. OMB, which released midsession federal…
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spending report Wed., said revised estimate was part of several “technical changes” in April projections. Change in projected spectrum auction receipts “reflects regulatory actions taken by [FCC], which shifts the expected receipts from two major auctions.” OMB couldn’t tell us immediately what FCC actions report involved. OMB also said universal service fund spending estimates for fiscal year 2001 had declined by $1.1 billion. It said change in projected universal service spending reflected “decrease in expected collections in various programs and a slower rate of spending from obligated balances within the schools and libraries program than had been previously assumed.”