Committee awaits fiscal realignment strategy - KUAM.com-KUAM News: On Air. Online. On Demand.

Committee awaits fiscal realignment strategy

Posted: Updated:

by Sabrina Salas Matanane

Guam - The governor's top financial people, namely acting BBMR director Benita Manglona, acting Rev & Tax director John Camacho and acting Department of Administration director George Cruz have until tomorrow to submit a fiscal realignment plan to the Committee on Appropriations.

Senator Ben Pangelinan sent a letter last week to the Administration he reminded them this is required by law. Submission of the RFP is standard procedure for addressing financial distress in the Government of Guam. Pangelinan stating "Over the past month there has been a slew of media reports driven by the Executive Branch regarding a fiscal crisis the government of Guam is facing... to my knowledge, there has yet to be any proposal from the Executive Branch to modify the Budget Act (of 2011)." 

Powered by Frankly