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Finance director: franchise revenues from pole attachments are general-fund receipts; committee asks rate-study review
Summary
Finance Director Cynthia Sne told the advisory committee that franchise revenues from pole attachments historically flow to the general fund because the city owns the right-of-way; committee members asked that revenue scenarios be considered in the upcoming rate study to test whether any portion should offset utility revenue requirements.
Committee members raised questions about a recently updated ordinance (bill 2086) that modernizes franchise rules for pole attachments, conduit usage and city-owned cable. Staff explained the ordinance would allow the city to collect new or clarified fees for attachments and conduit use.
Cynthia Sne, the city's finance director, told the committee: "It is…
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