Many people may have extra spending money this weekend.
Gov. Lou Leon Guerrero, in an interview with the Patti Arroyo show on NewsTalk K57, said some $25 million may be released by the end of the week, with the remainder of due tax refunds paid by Oct. 15.
This is a result of the $70 million in Section 30 funds that the administration received last week.
According to Adelup, those awaiting tax refunds will not have to wait much longer and the administration will be paying out, in short order, qualified A-status tax refunds filed to date, thanks to the cash boost from the receipt of the Section 30 funds.
“Our first priority as an administration is and continues to be strict fiscal discipline. The payment of tax refunds has always been one of those priorities. Since taking office, the fiscal discipline team implemented a system that ensured that refunds are paid on a consistent, weekly basis,” Gov. Lou Leon Guerrero said in an earlier release.
As her fiscal discipline team continues to make progress in stabilizing finances through aggressive collections and prudent cash management, the governor said the timely payment of tax refunds, as well as all other obligations of the government, will continue to improve.