Biennial budget goes up for public hearing - KUAM.com-KUAM News: On Air. Online. On Demand.

Biennial budget goes up for public hearing

Posted: Updated:

by Sabrina Salas Matanane

Guam - Lawmakers late this afternoon finally got to the governor's biennial budget. Bill 145 sets a revenue projection for Fiscal Year 2012 at $677 million and $573 million for FY2013.

The biennial budget also includes a 2%- reserve for both fiscal years for deficit elimination. But the big ticket item - A request for a $344 million bond to pay all past due tax refunds by Christmas, and to eliminate almost all of the deficit and erase the government's cash shortfall.

  • NEWS HEADLINESMore>>

  • Federal shutdown could stall progress for bankrupt Archdiocese

    Federal shutdown could stall progress for the Archdiocese

    It appears the federal shutdown could impact more than just federal jobs. The Archdiocese of Agana's recent filing for bankruptcy could also be hit by major delays. Despite the filing, the Church expects to resume operations as usual. "It looks like we'llMore >>
    It appears the federal shutdown could impact more than just federal jobs. The Archdiocese of Agana's recent filing for bankruptcy could also be hit by major delays. Despite the filing, the Church expects to resume operations as usual. "It looks like we'llMore >>
  • Man shoots neighbor in the foot during argument

    Man shoots neighbor in the foot during argument

    He reportedly told police he fired several gunshots up into the air to scare off his neighbors. One of those bullets, however, hit a man's foot. Herman Reyes Quichocho, 62, is behind bars charged with attempted murder and aggravated assault, both with a sMore >>
    He reportedly told police he fired several gunshots up into the air to scare off his neighbors. One of those bullets, however, hit a man's foot. Herman Reyes Quichocho, 62, is behind bars charged with attempted murder and aggravated assault, both with a sMore >>
  • UOG men's basketball team holding tryouts

    UOG men's basketball team holding tryouts

    The UOG men's basketball team will be holding tryouts next Tuesday January 22nd at the UOG Calvo Field House. Tryouts will start at 7:00 pm, players selected will be hitting the court for the upcoming spring season scheduled to begin on January 28th. CurrMore >>
    The UOG men's basketball team will be holding tryouts next Tuesday January 22nd at the UOG Calvo Field House. Tryouts will start at 7:00 pm, players selected will be hitting the court for the upcoming spring season scheduled to begin on January 28th. CurrMore >>
Powered by Frankly