Pangelinan Opposes Increased Tax Rebate Subsidies for Electric Cars

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Guam – Appropriations Chair Senator Ben Pangelinan has issued a statement opposing an amendment to Bill 203 providing $300-thousand dollars in tax rebates to encourage island residents to buy electric cars.

Senator Chris Duenas sponsored the original bill, which has since been amended to boost the total rebate offer from $25-thousand to $300-thousand.

Bill No. 203-32 (COR)

In a release, Senator Pangelinan expresses concern that boosting the original “modest appropriation of $25,000 to $300,000, will affect the needs of our public safety agencies battling the crisis of crime in our community, the needs of our children at the Guam Department of Education, and the threats of invasive species—among the more pressing needs of our agencies.” 

The Senator also expressed concern about the upcoming fiscal year which will see an increase “in the tens of millions in our debt service, income tax refund payment requirements, law enforcement pay increases, and the Hay Study pay increases” and as a result he is calling on fellow Senators to “ensure education and public safety are funded ahead of anything else”.

READ the release from Senator Pangelinan below:

APPROPRIATIONS CHAIRMAN DISAPPOINTED IN GOP BUDGET PRIORITY FOR FY 2015

FOR IMMEDIATE NEWS RELEASE (May 6, 2014 – Hagåtña, GU) – Today, Senator Vicente “ben” C. Pangelinan (D), expressed his disappointment in the action of the GOP senators joined by two Democrat senators, who proposed that the first appropriation bill for Fiscal Year 2015 is to provide $300,000 for tax rebate subsidies to Guam residents for electric vehicles.

“The Office of Finance and Budget, through its initial (yet to be completed) review of the Executive Budget Request, already finds that there may be gaps between the revenue estimates and proposed expenditures,” explained Pangelinan, Appropriations Committee Chair.

“Bill 203-32, as it has been amended from a modest appropriation of $25,000 to $300,000, will affect the needs of our public safety agencies battling the crisis of crime in our community, the needs of our children at the Guam Department of Education, and the threats of invasive species—among the more pressing needs of our agencies.”

Bill 203-32 was substantially enhanced through Pangelinan’s Appropriations Committee to provide a government subsidy via a grant to a Guam resident in the amount of up to $1,500 for an electric vehicle with funding of $25,000 from FY 2015 revenues. Led by the GOP senators, a subsequent amendment passed which increased the government subsidy to $3,000 per vehicle and increased the funds from FY 2015 to $300,000.

“This upcoming fiscal year will see an increase in the tens of millions in our debt service, income tax refund payment requirements, law enforcement pay increases, and the Hay Study pay increases. I ask my colleagues that instead of placing government subsidies to Guam residents for electric vehicles ahead of the discussion of these pressing needs and priorities, that they reconsider Bill 203-32 and ensure education and public safety are funded ahead of anything else,” concluded Pangelinan.

 

APPROPRIATIONS CHAIRMAN DISAPPOINTED IN GOP BUDGET PRIORITY FOR FY 2015

 

FOR IMMEDIATE NEWS RELEASE (May 6, 2014 – Hagåtña, GU) – Today, Senator Vicente “ben” C. Pangelinan (D), expressed his disappointment in the action of the GOP senators joined by two Democrat senators, who proposed that the first appropriation bill for Fiscal Year 2015 is to provide $300,000 for tax rebate subsidies to Guam residents for electric vehicles.

 

“The Office of Finance and Budget, through its initial (yet to be completed) review of the Executive Budget Request, already finds that there may be gaps between the revenue estimates and proposed expenditures,” explained Pangelinan, Appropriations Committee Chair.

 

“Bill 203-32, as it has been amended from a modest appropriation of $25,000 to $300,000, will affect the needs of our public safety agencies battling the crisis of crime in our community, the needs of our children at the Guam Department of Education, and the threats of invasive species—among the more pressing needs of our agencies.”

 

Bill 203-32 was substantially enhanced through Pangelinan’s Appropriations Committee to provide a government subsidy via a grant to a Guam resident in the amount of up to $1,500 for an electric vehicle with funding of $25,000 from FY 2015 revenues. Led by the GOP senators, a subsequent amendment passed which increased the government subsidy to $3,000 per vehicle and increased the funds from FY 2015 to $300,000.

 

“This upcoming fiscal year will see an increase in the tens of millions in our debt service, income tax refund payment requirements, law enforcement pay increases, and the Hay Study pay increases. I ask my colleagues that instead of placing government subsidies to Guam residents for electric vehicles ahead of the discussion of these pressing needs and priorities, that they reconsider Bill 203-32 and ensure education and public safety are funded ahead of anything else,” concluded Pangelinan.

 

For further information, please contact the Offices of Senator Pangelinan at 473-4236 or email at office@senbenp.com.