The Senate passed yesterday with amendments a House of Representatives concurrent resolution to approve $144.84 million in revenues and resources of the CNMI that are available for appropriation in fiscal year 2022, with only $103.38 million left for appropriation after deducting debt service payments and NMI Settlement Fund obligations.<\/p>\n
With the Senate\u2019s passage, House Concurrent Resolution 22-1, House Draft 1, Senate Draft 1, will go back to the House.<\/p>\n
Senators agreed to amend the resolution by striking out a provision that states that earmarked funds shall be unsuspended.<\/p>\n
According to the House Concurrent Resolution 22-1, HD1, SD1, the total identified budgetary resources for fiscal year 2022 is $144,848,801.<\/p>\n
Minus $45,951,500 in debt services, the total local revenue and resources available for appropriation is $98,897,301.<\/p>\n
With $4,487,022 in revenue and resources for the Department of Public Lands, this brings the budget request to a grand total of $103,384,323.<\/p>\n
Acting governor Arnold I. Palacios recently submitted a revised budget proposal for fiscal year 2022 that identifies the same gross budget of $144.84 million, with only over $98.89 million left for appropriation after deducting debt service payments and NMI Settlement Fund obligations\u2014essentially similar to the numbers that the administration submitted last April.<\/p>\n
Volume IV, however, of the revised budget fully allocates the $512,076,165 that is available to the CNMI from the American Rescue Plan Act, pursuant to what Finance Secretary David DLG. Atalig presented last June 5 as the government\u2019s spending plan for the ARPA money. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Senate passed yesterday with amendments a House of Representatives concurrent resolution to approve $144.84…<\/p>\n","protected":false},"author":23,"featured_media":345025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[20,65],"class_list":["post-348130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news","tag-budget","tag-house"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/348130","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=348130"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/348130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/345025"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=348130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=348130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=348130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}