Final GovGuam financial report due soon - KUAM.com-KUAM News: On Air. Online. On Demand.

Final GovGuam financial report due soon

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by Sabrina Salas Matanane

Guam - The Calvo-Tenorio Transition Team's Subcommittee on Finance will be presenting Governor-elect Eddie Baza Calvo and Lieutenant Governor-elect Ray Tenorio their final report on the state of the government's finances. The transition team estimates they will take over with a $100 million budget shortfall.

Last week the transition team sent a letter to the Camacho Administration requesting they immediately place the brakes on spending for the remainder of their term. The final word from the financial subcommittee to Governor-elect Calvo will be made this Wednesday.

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