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City fiber utility nearing buildout; staff project short‑term general‑fund draw, profit by 2027
Summary
At the July 7 council meeting the fiber committee reported network growth, outage root‑cause analysis and multi‑year financial projections showing an expected general‑fund draw in 2025 and profitability in 2027 as more customers come online.
Anacortes — The council’s fiber committee reported July 7 that the city’s municipal fiber utility had nearly 2,700 net customers and roughly 4,100 signups, representing an estimated 54% market share in covered areas, and staff presented a three‑year financial projection showing an expected draw on the general fund this year and a forecasted profit in 2027.
Councilmember McDougall, reporting from the fiber committee, said the department expects to draw about $1 million from the general fund by the end of 2025 to complete…
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