CBO Eyes Spectrum Auction Results in Assessment of White House Budget Proposal
Spectrum earned a mention in Thursday’s Congressional Budget Office assessment of the White House FY 2016 $4-trillion budget proposal. CBO referred to spectrum when discussing differences in estimates of outlays. “CBO’s estimate of mandatory spending this year is below the…
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Administration’s by $99 billion,” said its analysis, naming various factors contributing to that difference. “Receipts from a recent auction of licenses to use the electromagnetic spectrum are $9 billion lower than projected by the Administration, reflecting new information about the winning bids and CBO’s expectation that some of the proceeds will be recorded in 2016.”