Guam – Senator Chris Duenas has written to Public Auditor Doris Flores-Brooks asking her to conduct an audit of the Guam National Olympic Committee’s [GNOC] lottery proceeds to determine the impact of Bill #19.
Bill #19 was introduced by Senator Duenas and Senators Tommy Morrison and B.J. Cruz. The measure proposes increasing the tax on the GNOC Lottery from 4% to 20%.
In his letter to Flores-Brooks Senator Duenas asks for a “comprehensive audit” of GNOC’s lottery ticket sales “so that we have accurate data to
support Bill 19 and incorporate into the bill for the benefit of both GNOC and our community.”
Senator Duenas points out that since the inception of the lottery, GovGuam has only collected $50 a year on the lottery, while other state lotteries collect up to 40% of the proceeds.
In a release, the Senator is quoted as saying “we really need to see what the impact of the legislation is on them, as well as the true potential of the funding source to the overall athletic community on Guam.”
READ the release from Senator Duenas below:
Senator Duenas Seeks Audit of GNOC Comprehensive audit will bring clarity to proposed funding source.
FOR IMMEDIATE RELEASE
January 28, 2013
Hagatna, Guam. Senator Chris Duenas sent a letter to the Office of the Public Auditor (OPA) today requesting an audit of the Guam National Olympic Committee (GNOC) lottery. The letter seeks transparency. “It would be wise to give the OPA the opportunity to provide accurate financial information and recommendations.”
According to the Bill’s author Senator Chris Duenas, “In fairness to the GNOC, we really need to see what the impact of the legislation is on them, as well as the true potential of the funding source to the overall athletic community on Guam.” Duenas has estimated that the bill will benefit the island’s athletes and sports families approximately $1 million per year, but this estimate is based on preliminary research.
“We need to have accurate numbers to ensure we have correct information as the Bill evolves into final legislation, “Duenas said.
Bill 19 will allow the Director of Rev and Tax to assess an immediate 20% tax over the GNOC lottery and the proceeds of up to $1 million per year will go to the Mayor’s Council of Guam, the Department of Parks and Recreation, and the Department of Education for the purpose of maintaining, repairing and building new sports facilities on island.
For years the island’s mayors, the Department of Education, and the Department of Parks and Recreation has struggled with repairs and maintenance of community recreation and sports facilities. Facilities around the island are in disrepair due to lack of funding.
Since the inception of the lottery, the Government of Guam has only collected $50 per year on the lottery, as compared to other state lotteries which can collect up to 40% of the proceeds for the public benefit.