Emergency Session Scheduled Tomorrow at 9am Addressing Island’s Economic Situation

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Earlier today – Speaker Therese Terlaje issued a letter calling for an Emergency Session – which is scheduled for tomorrow at 9 am, in order to address the island’s economic situation.

PNC’s Don Sulat has more details on this story.

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In a letter to the members of the Guam Legislature, Speaker Terlaje cited the negative impact of the pandemic, which includes unemployment, increased food, and housing insecurity, along with the recent rise in gas prices, as the reason for the emergency session.

Just yesterday, June 15th, the island saw another increase at the pump. With Regular Unleaded Gas now at $6.49, Supreme at $6.89, and Diesel at $7.45.

The emergency session follows a recent petition by Senator Moylan to get 4 bills on the floor in order to help with the cost at the pump and at the grocery store.

The Bill to be considered during tomorrow’s emergency session are as follows:

Bill 260, which was introduced by Speaker Terlaje as an “act to repeal Public Law 34-44, relative to reducing Liquid Fuel Tax Rates by 4 cents per gallon to rates prior to January 1st, 2018.”

Bill 261, also introduced by the Speaker, is relative to “eliminating the liquid fuel tax.”

Bill 290, introduced by Senator James Moylan, is to have a “temporary exemption of business privilege taxes on the amounts received from the retail sales of liquid fuels, and to mandate a visible business privilege tax on gross receipts of liquid fuel transactions.”

And Bill 295, which was introduced by Senator Joe San Agustin, is to “waive the levy of excise taxes, automotive surcharges, and mass transit automotive surcharges on liquid fuel for 180 calendar days.”

According to Moylan’s June 6th petition regarding the aforementioned bills, “while none of these 4 pieces of legislation would completely solve this fuel crisis, they each bring an element to the table which would provide consumers some relief at the pump.”

Reporting for the Pacific News Center.
I’m Don Sulat.

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Born and raised on the island of Saipan, Don moved to Guam in the Spring of 2016 to pursue higher education at the University of Guam. It was at UOG that Don discovered his passion for keeping his peers politically informed. Prior to joining PNC Don gained professional and life experience through a variety of odd jobs ranging from an administrative assistant to a bouncer to a luxury retail salesman. In his free time, you can find him flying his drone or doing landscape and portrait photography. Don joined the PNC News Team not only to broaden his writing skill but also to challenge himself to get in front of the camera, ultimately furthering his passion to promote an informed and politically engaged Mariånas. Don's beat is Court, Crime, and Regional and is also PNC's Lead Reporter.