House Ways and Means Committee chair Tony Sablan (Ind-Saipan) prefiled on Wednesday a bill appropriating $12.386 million in additional projected revenue for fiscal year 2014, a week after Gov. Eloy S. Inos sent his supplemental budget that\u2019s intended only for two items.
\nUnder Sablan\u2019s House Bill 18-192, $5 million will go to the retirement settlement trust fund. This will be added to the $20 million set aside in the original fiscal year 2014 budget law for the retirement fund, to meet the $25 million minimum guaranteed payment for fiscal year 2014.<\/p>\n
The remaining $7.386 million will be used to pay the government\u2019s employer share of the Group Health and Life Insurance premiums for retirees.<\/p>\n
Sablan\u2019s bill reflects the governor\u2019s request in his supplemental budget transmittal.<\/p>\n
\u201cThe funds can only be used for these two items alone. They can\u2019t be reprogrammed or spent for purposes under than what\u2019s stated in the bill,\u201d Sablan told Saipan Tribune.<\/p>\n
The $12.386 million will be added to the fiscal year 2014 budget of $123.4 million. The additional projected revenue comes from gross revenue tax, wage and salary tax, and personal income tax of prior years but collected only recently.<\/p>\n
A tiny portion of this is from a settlement with ComputerLand founder William H. Millard, once listed as among the richest people in America.<\/p>\n","protected":false},"excerpt":{"rendered":"
House Ways and Means Committee chair Tony Sablan (Ind-Saipan) prefiled on Wednesday a bill appropriating…<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[20,194,67,38],"class_list":["post-37248","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-budget","tag-house-bill","tag-people","tag-saipan-tribune"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/37248","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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=37248"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/37248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=37248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=37248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=37248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}