Guam - The Governor's Office submitted its budget plan for Fiscal Year 2015 to the Guam Legislature last Friday night pursuant to public law. The proposal calls for total revenue projections at $863.8 million, an increase of approximately 7.3% compared with the amount identified in the FY2014 budget. The increase is reflective of anticipated economic growth in tourism, construction and military activities next fiscal year.
Governor Calvo ultimately calls the proposed budget an investment in our future and hopes for cooperation from the legislature. "We do believe this budget is an investment in our future, we're investing in the public schools, focusing on universal pre-k, we're investing in health there's an additional $4.1 million to public health, there's an investment into public safety for hiring more police officers and correction officers, and there's an investment in employee," he said.
The measure also includes provisions for tax refunds of $118 million for Tax Year 2014 which Rev & Tax says is a sufficient amount. You can read the full budget proposal on GuamLegislature.com.