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City proposes third‑party audit of Spectrum franchise fees amid $500,000 revenue drop
Summary
Finance Commissioner Mike Kennezera recommended hiring Troy Banks to audit the city's Spectrum cable-franchise fees after franchise revenue fell from about $1.7 million to roughly $1.2 million annual in recent years; the contract is contingency-based (no fee if no recoveries) and councilors asked for outreach to Spectrum and competitive options.
The Syracuse Department of Finance proposed hiring external auditors to review the city’s cable franchise-fee payments from Spectrum after the annual franchise revenue declined in recent years.
Commissioner of Finance Mike Kennezera told the Common Council Spectrum’s cable-franchise payments historically generated about $1.7 million annually but have averaged about $1.2 million in the last two to three years. To investigate whether additional franchise receipts are owed to the…
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