Post by Logan on Jun 8, 2016 1:54:15 GMT -6
GovGuam Short $10.7 Million In Revenues But BBMR Believes Surplus Still Possible
Guam - Revenues for the month of April were short by about $5.58 million dollars and overall collections are short by $10.7 million according to BBMR's Consolidated Revenue and Expenditure Report or CRER. However, also according to the same report GovGuam is still on track to collect about a million dollars more than what it predicted or projected by the end of the fiscal year.
GovGuam is behind in revenue collections currently but the administration still believes they are on track to collect more money in total at the end of the year than expected.
According to the latest CRER in April GovGuam was supposed to have collected $107.8 million but instead only collected $102.3 million which is a shortfall of $5.5 million.
In fact according to the same report which is produced by the Governor's Bureau of Budget Management and Research Office or BBMR, GovGuam is behind a total of $10.7 million in revenues year to date.
Read more: www.pacificnewscenter.com/local/9634
Guam - Revenues for the month of April were short by about $5.58 million dollars and overall collections are short by $10.7 million according to BBMR's Consolidated Revenue and Expenditure Report or CRER. However, also according to the same report GovGuam is still on track to collect about a million dollars more than what it predicted or projected by the end of the fiscal year.
GovGuam is behind in revenue collections currently but the administration still believes they are on track to collect more money in total at the end of the year than expected.
According to the latest CRER in April GovGuam was supposed to have collected $107.8 million but instead only collected $102.3 million which is a shortfall of $5.5 million.
In fact according to the same report which is produced by the Governor's Bureau of Budget Management and Research Office or BBMR, GovGuam is behind a total of $10.7 million in revenues year to date.
Read more: www.pacificnewscenter.com/local/9634