Draft bill in Utah House would impose financing restrictions on m...
Draft bill in Utah House would impose financing restrictions on municipally owned telecom and cable ventures to ensure cities couldn’t tap tax dollars to undercut private sector competitors. Bill by state Rep. Greg Curtis (R-Sandy) would bar cities from…
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issuing bonds to finance purchase or construction of telecom or cable businesses, prohibit them from using their general tax revenue to subsidize municipal telecom/cable utilities, and require municipal telecom/cable utilities to pay same taxes, franchise fees and other assessments as are levied on private sector companies. “Municipal Cable and Telecom Services Act” hasn’t been assigned number. Curtis said his intent was to level playing field by ensuring localities didn’t use their favorable credit ratings and taxation powers to compete against private businesses that were in their jurisdictions. But municipal govt. interests said Curtis’s bill was unnecessary and would deny phone and cable customers price and service benefits from competition between municipal and private sectors.