Guam - Following its final day last night, early estimates show that despite a decline in participation from the public, funds and expenditures were up this year for the Liberation Carnival. Mayors Council of Guam Executive Director Angel Sablan attributes the lack of cola or tax refunds being distributed this summer, parking at Paseo and the heavy rains for the downturn, but says it appears they still made money.
He explained, "We do expect to come out in the black - that is one of the things we strive for is to make sure we have some money left over for the First Lady's charitable causes and of course the Mayor's Council of Guam's charitable causes."
He adds that although much was spent for the liberation festivities, about a half-million dollars was brought in from corporate sponsors and vendors. It will take 30 days to come up with preliminary figures including how much was made from the casino and how much will be donated to Guma Mami.