“Let’s consider a temporary raise of 1% to our Business Privilege Tax over a five year period to raise funds for both our hospital and our school needs,” shared Superintendent Jon Fernandez.
Guam – Superintendent Jon Fernandez delivered the State of Public Education Address last evening highlighting recent accomplishes, challenges, and goals for the Guam Department of Education.
Titled “Creating a Generation of Students who are Resilient, Resourceful, and Ready for the Future,” the superintendent remarked on their latest statistics for graduation, which shows positive results of up to 82% this past school year.
Fernandez also took a moment to express his frustration and renewed determination to take the lead on the procurement of the Simon Sanchez High School rebuild project.
But perhaps the most recent revelation Fernandez shared last night was his proposal to raise funds for both the Guam Memorial Hospital and our schools.
“Let me put this out there for discussion and debate, let’s consider a temporary raise of 1% to our Business Privilege Tax over a five year period to raise funds for both our hospital and our school needs,” shared Fernandez.
By his estimates, up to $325M could be evenly split between GMH and GDOE to fix facilities requiring attention.
“And the great thing is that, after five years, if done right, the temporary increase would automatically go away,” he said.