Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Broadband topic

No spam. Unsubscribe anytime.

Anacortes fiber service tops 50% market share; city expects net contribution to end by 2026

2230089 ยท February 6, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council heard a brief Fiber Committee update reporting about 2,635 customers (about 51.7% market share) and modeling that projects the fiber utility will stop requiring general-fund support after 2026 and post an estimated $220,000 profit in 2027.

At the Feb. 3 meeting the council received a short report from the Fiber Committee. Committee members reported approximately 2,635 customers in service and an estimated 51.7% citywide market share for the Anacortes fiber service.

Committee members said conservative forecasting models have tracked slightly under actual results and that projections indicate 2026 will be the last year requiring net contribution from the general fund; 2027 was presented as the first year with an expected net surplus of about $220,000. Committee members described the models as conservative and noted past results have generally come in 2โ€“5% better than projections.

The committee discussion also included technical items such as network equipment and routers; no council action was requested or taken during the update.