VIDEO: Senator Pangelinan Continues to Dispute Governor’s Budget Figures

285

Guam – The Legislature Budget Committee Chair, Ben Panglinan  continues to question budget figures from the Calvo Administration.

In an address before the Rotary Club of Tumon Bay Tuesday,  Senator Pangelinan spoke about some of the initiatives that his office and the legislature have taken  to ensure accuracy in reporting financial figures. “One of the things we’re trying to do is that when we make statements coming out of our office certainly we’re trying to base them on official reports in which everybody can point to and say that’s the departing point that’s the beginning point,” said Pangelinan.

 The Senator says he believes it is his public duty to make sure that the information released about GovGuam’s finances is accurate and verifiable through published resources. “One of the things we’re trying to now reconcile and the governor’s agreed to work with us on reconciling is the difference of his number of 287 and rev&tax’s number of 206 hey what is $80 million dollars?” said Pangelinan sarcastically.

 The senator is referring to this weeks governor’s address in which the governor says GovGuam owes $287 million in tax refunds while Rev&Tax acting director John Camacho testified under oath at the legislature that the total was over $209 million dollars. Pangelinan has been at odds with the administration over the numbers they have released regarding GovGuam’s financial position. Pangelinan has said that he and his Office of Finace and Budget have been tracking strikingly different numbers. “The governor is saying that we’re gonna have a $160 million dollar or $120 million dollars depending on what day it is, shortfall in the cash requirements for this fiscal year. I dispute that number because if you take a look at the numbers that are there this quarter we’re only behind by .44 percent in the revenue projection versus collections for the first quarter of this fiscal year,” said Pangelinan.

 The senator told Rotarians that he still believes that if the current budget law is followed GovGuam will not face any major financial crisis.