Governor's FY14 budget not balanced, defective - KUAM.com-KUAM News: On Air. Online. On Demand.

Governor's FY14 budget not balanced, defective

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by Sabrina Salas Matanane

Guam - After weeks of hearings on the Executive Branch's proposed Fiscal Year 2014 budget request hosted by the Legislature's Committee on Appropriations, Senator Ben Pangelinan calls is unbalanced. The Chairperson of the Committee says the budget request includes a $35.5 million shortfall. Senator Pangelinan says "After clarification and updated information received during the FY 2014 budget hearings, the Committee's final analysis of the Governor's budget concludes that it severely underfunds income tax refunds, education, retiree health insurance, and overall general operations by over $35 million.". He added "this unbalanced budget presents major challenges for the Committee to balance the Governor's budget moving forward."

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