Oregon to levy new undersea cable fees on tech firms to boost school funding
Oregon is introducing updated fees for undersea cable installations along its coastline. The revenue generated from these charges will be directed toward funding the state's public K-12 schools. The existing fee structure dates back roughly 25 years and is considered significantly outdated. The revised rates are designed to balance attracting technology investment while ensuring the state receives fair compensation. The move follows an incident in 2020 linked to an undersea cable construction project near Oregon's coast.
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