California PUC Increases State's Teleconnect Fund Surcharge
The California Public Utilities Commission (CPUC) voted Thursday to raise the California Teleconnect Fund (CTF) surcharge from 0.93 percent to 1.08 percent on revenues collected from end-users for intrastate telecommunications services subject to surcharge effective June 1. The increased surcharge…
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will help meet the CTF program’s increased funding needs, the CPUC said, saying the commission increased the program’s annual budget by $40 million for FY 2015 to $148 million. The increased surcharge will raise the CTF program’s revenue by $1.7 million per month, meaning the program’s revenue will increase by $1.7 million during the remainder of FY 2014 and $20.43 million in FY 2015, the CPUC said. The commission's FY 2015 will begin July 1.