Federal stimulus money arrives; first checks may be sent out as early as next week

(PNC file photo)

The Governor’s office this afternoon announced that the Guam Department of Revenue and Taxation has finally received nearly $108 million for the one-time stimulus checks for every island resident who filed a 2018 tax return.

With the arrival of this money, Rev and Tax anticipates sending out the first stimulus checks as early as next week.

In all, Guam has been approved for $134.8 million in stimulus funding. The additional  $27 million is expected to be received at a later date as payments are made.

The money is coming from the Economic Impact Payment program under the CARES Act.

Individual tax filers are slated to receive $1,200, couples filing jointly will get $2,400, and an additional $500 will be provided to families with dependent children.

In a release announcing the arrival of the funds, the Governor is quoted as saying: “Today is a good day for Guam.”

“Our people have waited too long for this help,” she said, adding “we are working to get the checks to our people as early as humanly possible.”