Special session debates business privilege tax hike - KUAM.com-KUAM News: On Air. Online. On Demand.

Special session debates business privilege tax hike

Posted: Updated:

Governor Eddie Calvo called senators into special session Wednesday seeking immediate action on his bill to raise the Business Privilege Tax by 50% to replace an estimated $67 million in lost revenue as a result of the Trump tax reforms. But the administration's fiscal team projects that increasing the BPT from 4% to 6% will generate $120 million.

Calvo also plans to use some of the money for the hospital and education.

Senators met, but adjourned shortly after, with Speaker BJ Cruz setting a series of public hearings on the governor's bill next Wednesday, February 21. "I'm adjourning today's session with the understanding, I want it understood, and I want the governor and the people to understand that we are moving with this at a very special pace" he stated.

The speaker plans to hold session a week from Friday.

The Governor's office issued a statement reminding senators of an Attorney General's opinion that it's the Legislature's duty to establish taxes, and they don't have the authority to delegate.

So, this Valentine's Day gathering is not likely to spark much love from Senators who now face the prospect of raising taxes, and gutting government services during a gubernatorial election year.

  • NEWS HEADLINESMore>>

  • IA underway after detainee released from prison,

    IA underway after detainee released from prison,

    An internal affairs investigation is underway at the prison after an inmate was accidentally released from their custody. Department of Corrections director Tony Lamorena says it happened over the weekend. He admits there was a miscommunication. Officials say the prison had received an order for inmate Ben Espinosa's release, but then got a commitment order for a separate charge. The special operations team was able to track him down without incident. Lamorena says they are looking ...

    More >>

    An internal affairs investigation is underway at the prison after an inmate was accidentally released from their custody. Department of Corrections director Tony Lamorena says it happened over the weekend. He admits there was a miscommunication. Officials say the prison had received an order for inmate Ben Espinosa's release, but then got a commitment order for a separate charge. The special operations team was able to track him down without incident. Lamorena says they are looking ...

    More >>
  • Kino Keeler charged with rape

    Kino Keeler charged with rape

    He was apparently drunk when he molested two women. 26-year-old Kino Keeler allegedly digitally penetrated a woman and raped her in a Tumon condo last year. According to court documents, she woke up to Keeler on top of her. 

    More >>

    He was apparently drunk when he molested two women. 26-year-old Kino Keeler allegedly digitally penetrated a woman and raped her in a Tumon condo last year. According to court documents, she woke up to Keeler on top of her. 

    More >>
  • Bordallo will seek ninth straight term as Guam delegate

    Bordallo will seek ninth straight term as Guam delegate

    It's official for our current delegate. Madeleine Bordallo has officially announced she is running again for Congressional Delegate. Joined by family and her campaign leaders, the Bordallo announced her candidacy at the Plaza De Espana. "I am humbled to announce my candidacy for the re-election to a ninth consecutive term as your delegate to Washington," she announced. "Guam needs a leader in Washington who can bring diverse coalitions together to pass important and me...More >>
    It's official for our current delegate. Madeleine Bordallo has officially announced she is running again for Congressional Delegate. Joined by family and her campaign leaders, the Bordallo announced her candidacy at the Plaza De Espana. "I am humbled to announce my candidacy for the re-election to a ninth consecutive term as your delegate to Washington," she announced. "Guam needs a leader in Washington who can bring diverse coalitions together to pass important and me...More >>
Powered by Frankly