Responding to a mounting clamor in the community for more transparency in the CNMI government\u2019s finances, Gov. Ralph DLG Torres led several local and federal officials in a public outreach yesterday that sought to do just that.<\/p>\n
Torres was joined by Lt. Gov. Arnold I. Palacios, Finance Secretary David Atalig, Office of Management and Budget director Virginia Villagomez, and Federal Emergency Management Agency representative Bill Roach in yesterday\u2019s public outreach at the Pedro P. Tenorio Multi-Purpose Center in Susupe.<\/p>\n
Other officials present were Marianas Visitors Authority managing director Priscilla Iakopo, Office of Planning and Development director Kodep Ogumoro, and Public Assistance officer Patrick Guerrero.<\/p>\n
In his opening statement, Torres again blamed Super Typhoon Yutu as the main cause of the CNMI\u2019s current economic and financial situation, which almost zeroed out the government\u2019s budget. He detailed the gravity of the disaster that hit the islands of Saipan and Tinian in the last week of October in 2019, when Yutu struck. With winds of 177 miles per hour, Yutu was considered the strongest typhoon ever recorded to hit the\u00a0CNMI.<\/p>\n
The Commonwealth government paid the upfront cost of recovery efforts and will be reimbursed by FEMA later. Debris removal, power restoration, food, fuel for generators of critical agencies, and labor were some of the initial cost that the government shouldered.<\/p>\n
At a cost of $62.5 million, power restoration got the biggest chunk of the government\u2019s expenses after Yutu. Another\u00a0$9.1\u00a0million went to labor costs and\u00a0$8.2\u00a0million was spent to transport food and fuel to get people around. A total of\u00a0$7.9\u00a0million was spent on debris removal.<\/p>\n
To date, FEMA has already awarded a total of\u00a0$72.7\u00a0million in reimbursements to the CNMI while\u00a0$15\u00a0million more is expected to be remitted soon.<\/p>\n
Torres said that Yutu damaged lots of homes, business establishments, and other infrastructure, including power and water distribution, and closed the Francisco C. Ada\/Saipan International Airport that prevented commercial planes from landing on Saipan.<\/p>\n
Yutu greatly impacted the tourism industry\u2014the CNMI\u2019s main source of revenue through the hotel occupancy tax and other taxes collected from visitors.<\/p>\n
Roach said it is FEMA\u2019s responsibility to have all resources at their disposal be readily available when needed after every disaster. However, they have a process in providing assistance, such as reimbursements. <\/p>\n
\u201cThere\u2019s a process that needs to be followed. Our responsibility\u2026is to help local governments and, at the same time, [make them] understand our programs. Reimbursements will get done; just be patient,\u201d said Roach.<\/p>\n
In her presentation, Iakopo said the CNMI lost about\u00a0$19\u00a0million in revenue from the business gross revenue taxes, hotel occupancy taxes, and other expenses made by visitors to other business establishments. That amounted to about 21 percent lower revenue than initially projected.<\/p>\n","protected":false},"excerpt":{"rendered":"
Responding to a mounting clamor in the community for more transparency in the CNMI government\u2019s…<\/p>\n","protected":false},"author":48,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[26],"class_list":["post-302347","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-cnmi"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/302347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=302347"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/302347\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=302347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=302347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=302347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}