E-Rate Funding Lags for 2012 (Tech & Learning)
Funding sought for the E-rate program FY2012, based on 46,838 applications, is $5.08 billion. This estimate marks only the second time in the program’s 15 year history that the total demand for discounts on eligible goods and services has exceeded $5 billion, and based on the data made public as of June 1, 2012, represents an 11% increase over the demand estimate for Funding Year 2011.
On May 18, 2012, the Federal Communications Commission announced that the funding cap for Funding Year 2012 will be set at just under $2.34 billion after adjustments for inflation. As of May 10, 2012, USAC estimates that approximately $400 million in “rollover” funds (un-utilized funding commitments from prior funding years) will be available for distribution in FY2012, bringing the total available funds for FY2012 to an estimated $2.74 billion. Read more >