Spending will double to $2 billion
The NYT reports the FCC is set to increase spending in an effort to get faster internet into schools and libraries around the country. So far, the FCC has been spending on the plan to increase web available to the tune of $1 billion yearly. That spending is now set to increase to $2 billion per year.
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For 2014, the additional funds will come from money left over in the E-Rate program from a restructuring. A formal announcement of the plan is expected to come this week. E-Rate is part of the Universal Service Fund that gets money from fees tacked onto the bill of phone users around the country.
Money to fund the program next year will come from eliminating outdated services the program used to pay for. Those services include paging services, dial up internet, and email programs that are freely available online now.
The goal of the program is to get internet connections to all schools with speeds of 100Mbps by 2015. By the end of the decade, the money aims to get speeds to schools and libraries of at least 1 Gbps.