Pangelinan speaks before AGA on finances - KUAM.com-KUAM News: On Air. Online. On Demand.

Pangelinan speaks before AGA on finances

by Michele Catahay

Guam - Senator Ben Pangelinan was at the Hyatt speaking before the Association of Government Accountants on the state of the Government of Guam finances as well as possible solutions to the cash shortfalls. The committee chair on appropriations criticized the Calvo Administration, saying the government's financial problems aren't as bad as they're making it seem.

"I don't think we should be pulling the panic button at this time, but we should face the realities that we see and find a way to deal with them," he explained.

Senator Pangelinan says the only three unfunded obligations he can think of that could contribute to the shortfall would be the $21 million needed for GovGuam's Health Insurance Plan, the $12 million for Mental Health's amended permanent injunction and an additional $2 million that went to pay out annual leave to outgoing unclassified employees from the previous administration.

In terms of what Pangelinan's solutions to deal with the budget shortfalls he believes the government should stick with the deficit reduction strategy contained in the current budget and be more efficient in collecting taxes.

  • NEWS HEADLINESMore>>

  • $10M in tax refunds going out Monday

    $10M in tax refunds going out Monday

    The Department of Administration will be mailing out about $10,180,000 in tax refunds tomorrow. The Department of Revenue and Taxation processed the 2,774 checks on Friday. “As we continue to stabilize the government, it is important that we continuMore >>
    The Department of Administration will be mailing out about $10,180,000 in tax refunds tomorrow. The Department of Revenue and Taxation processed the 2,774 checks on Friday. “As we continue to stabilize the government, it is important that we continuMore >>
  • GPD's website hacked, other GovGuam sites defaced

    GPD's website hacked, other GovGuam sites defaced

    The Guam Police Department’s official government website and others have been hacked. Guam Homeland Security officials confirm Saturday afternoon that they received a 911 call about GPD’s site along with other government websites being defaced

    More >>

    The Guam Police Department’s official government website and others have been hacked. Guam Homeland Security officials confirm Saturday afternoon that they received a 911 call about GPD’s site along with other government websites being defaced

    More >>
  • Terlaje's bill bans automatic mods for firearms

    Terlaje's bill bans automatic mods for firearms

    Senators entertained testimony on a bill meant to prevent a school shooting tragedy locally. The measure by Vice-Speaker Therese Terlaje bans so-called "bump stock" firearm attachments that can increase firing rates to mimic automatic capabilities. The biMore >>
    Senators entertained testimony on a bill meant to prevent a school shooting tragedy locally. The measure by Vice-Speaker Therese Terlaje bans so-called "bump stock" firearm attachments that can increase firing rates to mimic automatic capabilities. The biMore >>
Powered by Frankly