Bailout bill vote set for Friday at 2pm - KUAM.com-KUAM News: On Air. Online. On Demand.

Bailout bill vote set for Friday at 2pm

Posted: Updated:

It's all done except for the voting.  After weeks of special sessions, senators have completed debate on a government bailout bill and set Friday at 2pm for the vote. The measure would raise the Business Privilege Tax from 4% to 5%, and also require the island's chief executive to slash $30 million in spending.    

The BPT increase would sunset at the end of this fiscal year on September 30, and then the plan is to implement a 2% sales tax. But the main sticking point was not the tax hike, but the spending cuts, as the governor will have 30 days from enactment to come up with a new fiscal realignment plan.  Senator Frank Aguon Jr. not happy, based on the cuts he's seen so far, with giving Adelup so much leeway, saying, "In my opinion, let's not try to pull a fast one over our people, and I say in my opinion," with Senator Tom Ada saying, "Point of personal privilege, Mr. Chairman, nobody is trying to pull a fast one." Senator Dennis Rodriguez, Jr. said, "It's a point of personal privilege, senator please continue."

"Senator Ada if the shoe fits, then wear it. Because I'm saying that you're giving the governor by virtue of this amendment an option to submit a plan and then all of a sudden the BPT tax is going to increase from 4% to 5% with no real commitment of budgetary reduction for this government."

Senator Ada's rebuttal was, "Are we now questioning eight years later that this governor is not going to be able to make responsible decisions in finding where to reduce $30 million? I hope that's not the case."

And the Governor does say he is committed to cuts, as already outlined in his initial fiscal realignment plan.  Everything remains on the table, including voluntary 32-hour workweeks, and possible mandatory work reductions. He said, "I just signed my sheet for my pay cut. So there's going to be some reductions in several areas. It's going to be very difficult for the major cost cutting for this big gap. But we're going to try our best."

"Give me a roadmap. I'll sign that bill into law and we'll move forward from there."

When asked if furloughs are off the table, he responded, "At this point we have to look at the reality of how difficult it will be for the next few months. At this point until I get more options on the table, the furloughing process must continue."

And while the governor is cautiously optimistic the bill will pass, he questions why it has to take until Friday to prepare the bill for a vote.

He added, "I'm hopeful there is goodwill there and not some sort of nefarious reason for this delay."

  • NEWS HEADLINESMore>>

  • Police ID Tamuning hit-and-run victim

    Police ID Tamuning hit-and-run victim

    Police have released the name of the 45 year old man killed in a hit-n-run crash in Tamuning as Sidney Sidro Sichiro. The driver of the car that hit Sichiro early Sunday morning along Governor Carlos Camacho road remains on the run. The chief medical examMore >>
    Police have released the name of the 45 year old man killed in a hit-n-run crash in Tamuning as Sidney Sidro Sichiro. The driver of the car that hit Sichiro early Sunday morning along Governor Carlos Camacho road remains on the run. The chief medical examMore >>
  • Boka Talks Podcast: eating habits during the holidays

    Boka Talks Podcast: eating habits during the holidays

    Jess and Angela Rosario from The Boka Box jump on the mic for this episode of Boka Talks to honestly discuss about eating habits and diets during the holidays, and how you should approach the very tempting seasonal food that surrounds us this time of yearMore >>
    Jess and Angela Rosario from The Boka Box jump on the mic for this episode of Boka Talks to honestly discuss about eating habits and diets during the holidays, and how you should approach the very tempting seasonal food that surrounds us this time of yearMore >>
  • Search underway for missing crab hunter

    Search underway for missing crab hunter

    Rescue units from the Guam Fire Department have been searching for the past 15 hours for a missing crab hunter in Asiga, Malojloj.

    More >>

    Rescue units from the Guam Fire Department have been searching for the past 15 hours for a missing crab hunter in Asiga, Malojloj.

    More >>
Powered by Frankly