Sanchez: tax offset program works conceptually - KUAM.com-KUAM News: On Air. Online. On Demand.

Sanchez: tax offset program works conceptually

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by Nick Delgado

Guam - The chairperson of the Consolidated Commission on Utilities says conceptually the governor's plan could work. Simon Sanchez is referring to the Administration's plans to implement a program that will allow people owed a tax refund to assign a portion of their refund to offset an overdue utility bill or money owed to agencies like the Guam Housing Corporation or GHURA.

"I said we would have to be paid whole, earn interest and it would have to be limited and from that discussion I think the concept of the governor for the next 90 days to get people help that might be owed refunds, we'll await to see details from the administration and take it formally at the CCU," he said.

Sanchez adds the number of delinquencies with Guam Power and Guam Waterworks are small each month, running from less than half a million a month and from a refund point of view he says that's what rev and tax pays out. The implementation of this offset program was at the request of Republicans in the Legislature.

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