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3Q retiree payments met on record time

The administration of Gov. Ralph DLG Torres on Monday paid $1 million to the NMI Settlement Fund completing the amounts owed for the third quarter of this fiscal year, the Office of Governor said yesterday This is the first time that the obligation has been paid off this far in...
Posted On Jun 21 2016 06:06
, By Dennis B. Chan

Cruz questions general fund tax revenue reported in April 2016

HAGÅTÑA—Determined to ensure that monthly financial reports detailing the state of GovGuam’s finances are accurate, honest, and accountable—appropriations chair Vice Speaker Benjamin J. F. Cruz is calling on the Department of Administration (DOA) to explain whether t...
Posted On Jun 15 2016 06:00
, By Press Release

CUC board spends $92K in 2 years

The Commonwealth’s cash-strapped utilities company’s board of directors has spent over $80,000 on travel and per diem expenses since they were re-established midway through 2014. Since that time, they’ve also spent over $12,000 on their honorariums, or stipends, for board...
Posted On May 18 2016 06:06
, By Dennis B. Chan

‘Resources could exceed $203M budget’

Gov. Ralph DLG Torres expects government resources to exceed the $203 million gross budgetary resources projected in his budget submission last month. After adjustments, some $127.8 million is available for appropriations by the Legislature. Torres on Thursday said he w...
Posted On May 09 2016 06:06
, By Dennis B. Chan
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