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Committee sends plan to create cable access stabilization fund to full council
Summary
Committee voted to refer a mayoral order establishing a Cable Television Public Education and Government (PEG) Access stabilization fund—expected to hold about $4.859 million from a prior revolving fund closing—to the full City Council for approval.
The Committee on Finance voted Oct. 16 to refer to the full City Council an order to establish a Cable Television Public Education and Government access stabilization fund that would receive a transfer of approximately $4,859,000 from the prior cable revolving fund balance.
What the proposal does: Director Bob Ekstrom and cable access director Jim Marshall explained that a long-standing cable revolving fund was converted to an enterprise fund under state guidance in 2018, which left a multi-million dollar fund balance that could not transfer…
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