Quote:
Originally Posted by ken0042
So, where does the money raised in the auction go? Towards the federal gov't budget? Or does it get passed along back to consumers somehow?
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It goes towards the federal budget. However, it needs to be noted that in terms of accounting they have to spread the $5.27 billion they made out over the 20 year period for which the spectrum was issued... so in terms of impact on the budget, it will be $263.5 milion per year.