Calvo wants to meet with government officials - KUAM.com-KUAM News: On Air. Online. On Demand.

Calvo wants to meet with government officials

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 by Ken Quintanilla

Guam - $851.7 million is how much the projected gross revenues is outlined in the executive budget proposal for the next fiscal year. Over the weekend, the Bureau of Budget and Management Research submitted the FY2016 budget proposal to the Guam Legislature which reflects an 8.6% increase compared to FY2015. Governor Eddie Calvo today says the budget is reflective of how Guam's economic growth in the last few years is expected to continue.

"This budget is basically built on a premise of what we see ongoing - there's been a strengthening of our economy, so again we do believe they're still conservative but at the same time, there is an increase in revenues based on what we see and believe in the trends, also as we look forward to some of the positive news ongoing with tourism and also with the impeding record of decision in April for the realignment of military forces here on Guam."

Total General Fund net revenues available for appropriations is set at $702 million with $125 million set aside for tax refund payments. you can view the entire budget at bbmr.guam.gov.

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