Tax Refund Account Balance Increases by 2 Cents

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The balance went from $235.35 cents at the end of January to $235.37 cents at the end of February

Guam – The most recent bank statements of GovGuam’s tax refund trust account show that the balance in the account has increased by two cents.

 

 

 The balance went from $235.35 cents at the end of January to $235.37 cents at the end of February. $1.1 million was deposited in February which is the lowest monthly deposit rate so far this fiscal year. GovGuam is already behind by $21.4 million. The entire amount that was deposited in February was also withdrawn in February but no tax refunds for this fiscal year have been paid. The two cent increase in the fund balance was due to interest accrued.