PRESS RELEASES -
Senator Ben Pangelinan is seeking support from his colleagues in the Guam Legislature for an override of the Governor Eddie Calvo's veto of substitute bill 145-31.
Pangelinan says he provided a comprehensive analysis performed by the Office of Finance and Budget regarding the Calvo Administrations 10-year financial forecast and his 180 million bond proposal and hopes they consider his request for an override.
"The letter and analysis performed by the Office of Finance and Budget presents a telling tale of the administrations lack of realistic revenue and expenditure projections used in their planning efforts regarding their $343 million bond proposal," Pangelinan said. "The 10-year forecast provided by the Governor via his Fiscal Policy Team included significant flaws and omissions that were brought up by colleagues during the Fiscal Team's special presentation to the Guam Legislature."
He adds that he hopes to garner enough votes to override the veto. According to thr standing rules, it shall take 10 votes to pass a bill or item notwithstanding the veto of the Governor of Guam. If a vetoed bill or itema doesn't receive 10 votes, it shall return to Motions on the Session Agenda.
Gov. Calvo called a special session this morning to go over his revised bill.