Arkansas’ state Universal Service Fund is running low: Revenue in...
Arkansas’ state Universal Service Fund is running low: Revenue in 2009 was $20.78 million vs. expense of $22.08 million, a recently released annual financial report by a third-party auditor said. Revenue was $20.35 million with expenses hitting $22.34 million in…
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2008. The fund, which pays out to 27 eligible carriers in the state, was hurt by a decline in revenue reported by operators that contributed to the fund, said Public Service Commission director John Bethel. He noted the assessment rate was raised from 1.75 percent to 2 percent to help cover costs. Payout to the carriers next year is estimated at $22 million. The fund doesn’t have a deficit now, Bethel said.