$8M in tax refunds mailed out - KUAM.com-KUAM News: On Air. Online. On Demand.

$8M in tax refunds mailed out

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by Ken Quintanilla

Guam - Another $8 million in tax refunds is set to be mailed out next week for those who filed error free returns by April 15.

Governor Eddie Calvo says it's simply his administration following through on one of its goals since coming into office. In fact he says the administration is well ahead of the court order to pay refunds within six months of the filing date. "So court case or not we were going to get it done. What we would like to see happen, not only with our administration but also setting the necessary financial mechanisms in place for the fiscal agencies of GovGuam and moving forward and whether it's a Calvo/Tenorio Administration or future administrations, it won't be news anymore, it will be the standard operating procedure," he said.

Rev & Tax estimates about 4,600 people will receive a check which will be mailed on Monday. With the latest batch of refunds, the administration will have paid out $138 million in refunds during this fiscal year. Governor Calvo however says not all those refunds are for the fiscal year as people have been filing from previous years. He believes this is as a result of people feeling more confident that the administration will actually pay refunds on time.

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