The Senate passed Thursday with amendments a House 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. Minus $45,951,500 in debt services, the total local revenue and resources available for appropriation is $98,897,301. 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":"
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