The Senate Fiscal Affairs Committee chaired by Senate vice president Jude U. Hofschneider (R-Tinian) held a meeting yesterday to finalize the Senate\u2019s version of the budget for fiscal year 2021.
\nHofschneider said if everything checks out they hope to adopt the budget after they resume the meeting today, Thursday, at 2pm.<\/p>\n
He said if the bill is satisfactory to the committee, then they are going to adopt it at the Senate session.<\/p>\n
\u201cTomorrow will be the best time to get because that\u2019s when we we\u2019re going to officially place the Senate version of the budget,\u201d the senator said.
\nOn Tuesday, the House of Representatives adopted the Senate\u2019s version of the House Concurrent Resolution that proposes $96.47 million in available revenue and resources for appropriation for government activities in fiscal year 2021.
\nThe Senate\u2019s version is $13.81 million more than what the House had originally adopted in the concurrent resolution that proposes $82.65 million for appropriation.
\nAll 19 representatives voted to adopt House Concurrent Resolution 21-2, SS1, that the Senate had just adopted Friday during a session. Only Rep. Janet U. Maratita (R-Saipan) voted against its adoption.
\nThe Senate must pass its version of the fiscal year 2021 budget and transmit it to the House for its acceptance or rejection.
\nThe CNMI government must enact a new and balanced budget before Oct. 1 to avoid a partial government shutdown. <\/p>\n
Last July 1, Gov. Ralph DLG Torres submitted a revised revenue projection in the amount of $144.41 million. Of this amount, the governor approved $82.65 million for government appropriation.
\nLast July 29, the House adopted House Concurrent Resolution 21-2 authored by House Ways and Means chairman Rep. Ivan Blanco (R-Saipan). The resolution basically concurs with Torres\u2019 revised budget proposal for FY 2021 in the amount of $82.65 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
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