Calvo testifies on fiscal reform bill - KUAM.com-KUAM News: On Air. Online. On Demand.

Calvo testifies on fiscal reform bill

by Sabrina Salas Matanane

Guam - It marked the first public hearing of the 31st Guam Legislature and the first to testify was Governor Eddie Calvo. I just felt it was so important for myself to embrace the Legislature that was my old stomping grounds. I went over there and visited with Senator [Judi] Guthertz and some of the other senators there and proceeded to make my testimony in support of Bill 3," he said.

The proposed legislation, introduced by Vice-Speaker B.J. Cruz, creates the Commission on Fiscal Responsibility and Reform, which would be required to propose specific recommendations to improve the government's fiscal outlook and to address the solvency of the Government of Guam Retirement Fund. Calvo testified that Bill 3 will address the short term cash problems and the long term financial situation.

Although it will take time, he said, with all of them working together the deficit can be worked down.

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