Guam - As Governor Eddie Calvo and his team try to sell the bond in the mainland after it receiving its highest investment rating in years from ratings authorities, Department of Revenue & Taxation deputy director Marie Benito says she has received numerous calls from those owed tax refunds on the status of their money. She says although some are anxious and other skeptical, she assures residents that refunds will be paid out before Christmas.
"Then we're going to get all this money and we have to be ready," she said, "and right now we're talking with DOA, we're making plans on how we're gong to meet this demand because we're looking about 95,000 checks or more."
She's optimistic that the bond will be sold and once it is, it's just a matter of printing the checks and distributing them. Rev & Tax will focus on all tax refunds in 'A'-status, or those that have been processed and ready to be printed from 2010 and prior.