Rev & Tax projects $34M GovGuam shortfall - KUAM.com-KUAM News: On Air. Online. On Demand.

Rev & Tax projects $34M GovGuam shortfall

Posted: Updated:

by Lannie Walker

Guam - While the Appropriations Committee looks at the finances for 2011, they may want to take another look at the numbers for the current fiscal year.  According to Department of Revenue & Taxation director Art Ilagan, although collections are improving, it doesn't necessarily mean revenues are.  "Collections we are seeing an increase, but the just collections of delinquent accounts when you put it together with revenues it paints a different picture the revenues is short compared to projections," he said.

According to Ilagan the government is looking at a $34 million shortfall for the year.

  • NEWS HEADLINESMore>>

  • Pacific Unlimited lands sizable food-line contract

    Pacific Unlimited lands sizable food-line contract

    Pacific Unlimited Inc., Barrigada, Guam, has been awarded a maximum $288,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for full food-line distribution. This is a 90-month contract with no option years, but three tier periods. More >>
    Pacific Unlimited Inc., Barrigada, Guam, has been awarded a maximum $288,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for full food-line distribution. This is a 90-month contract with no option years, but three tier periods. More >>
  • Overseas entrepreneurship group celebrates 40th anniversary

    Overseas entrepreneurship group celebrates 40th anniversary

    The Kashiwa Young Entrepreneurs Group is held their 40th anniversary reception at the Hyatt Regency last night. The youth economic organization has been conducting overseas business, and tapped Guam as their destination for their overseas exchange projectMore >>
    The Kashiwa Young Entrepreneurs Group is held their 40th anniversary reception at the Hyatt Regency last night. The youth economic organization has been conducting overseas business, and tapped Guam as their destination for their overseas exchange projectMore >>
  • Mark Charfauros' hearing continued until December 11

    Mark Charfauros' hearing continued until December 11

    Could a former Guam police commander be getting his job back? Mark Charfauros is going before the Civil Service Commission tonight to discuss a motion to void his termination from the force. The case involves a 2016 incident in Agat where Charfauros was sMore >>
    Could a former Guam police commander be getting his job back? Mark Charfauros is going before the Civil Service Commission tonight to discuss a motion to void his termination from the force. The case involves a 2016 incident in Agat where Charfauros was sMore >>
Powered by Frankly