MORE FUNDING FOR THE TOWN'S
FIBER OPTIC PROJECT
The Town has received the first half of a $225,000 COVID-19 Stimulus Package (American Rescue Plan) payment. The second half will be paid during 2022.
Both portions of the stimulus payment will be used to offset costs to install fiber optic cable to every residence, business and vacant land parcel in St. Germain. This stimulus payment combined with the $600,000 stimulus payment previously received reduces the amount of the $1.2 million fiber optic project for which the Town will borrow funds to $375,000. And because much of the stimulus funding has already been received, further savings will be realized by postponing the relatively small bank loan that will eventually be needed.
Installation of the cable suffered some interruptions this spring due to delayed deliveries of supplies, but is now underway in the downtown area. Completion of the project is still projected for two to three years from now. The Town Board will provide periodic updates as the project progresses.