Reconciliations and remittances increase Section 30 revenues

Reconciliations and remittances increase Section 30 revenues

BY LARA OZAKI

Journal Staff

Section 30 revenues for Guam have increased from averaging around $45

million to $50 million before fiscal 2013 to around $70 million to $75 million in the past several years, according to figures of the Office of Finance and Budgets. The reason, according to Benjamin J.F. Cruz, vice speaker of the 33rd Guam Legislature, is because of one-time reconciliations on those years as well as the additional inclusion of certain federal agencies to Section 30 revenue estimates.

However, the larger revenue of $88 million in fiscal 2014 may not be in . . .

This content is available only to subscribers. If you are a member, please log in.


Share This Post