NEWS: Record of Decision signed; honors four pillars agreement

On August 31, 2015, in Press Releases, by jnaputi

The Navy has signed the Record of Decision for the Guam Military Relocation. This finalizes a decade-long process that increases military presence on Guam to protect our shores and our nation’s allies in the Asia Pacific region. The signed Record of Decision begins the process of an $8 billion investment on Guam starting with the […]

NEWS: Fiscal 2016 budget cuts millions in funds for food services, vacancies at DOC

On August 31, 2015, in Press Releases, by jnaputi

The Department of Corrections might fall under closer scrutiny with cuts to the funding of 19 vacancies and food service contract.   “The $2.7 million cut for the vacancies reduces our ability to recruit and fill positions that are necessary to running the facility safely; several of these positions were only recently left vacant through […]

Effective managers to unify planning against social ills

On August 28, 2015, in Press Releases, by jnaputi

(HAGÅTÑA, GU) Three of the island’s most notable administrators were chosen to coordinate the portion of the Comprehensive Master Plan dealing with economic development, crime reduction, disease control, and other social ills. Governor Calvo chose… Dr. Mary Okada President & CEO Guam Community College Dr. Juan Flores Dean of the School of Trade and Professional […]

NEWS: Fiscal 2016 budget raids tourism fund; threatens GVB’s ability to continue growing economic engine

On August 28, 2015, in Press Releases, by jnaputi

The Guam Visitors Bureau’s focus on diversifying the tourism market – ensuring a greater stability for the island – has worked. Even as other economies in the Asia Pacific region are struggling, the island continues to see record highs in tourism. That has meant more money coming into Guam and more opportunities for our people. […]

NEWS: Senators pass flawed Fiscal 2016 budget; DPW faces challenges with operations, projects

On August 27, 2015, in Press Releases, by jnaputi

The Department of Public Works’ ability to ensure 31,000 public school students get to school or fix village roads is hampered by the Legislature’s budget bill.   Last week, Vice Speaker BJ Cruz presented a substitute Fiscal Year 2016 budget bill, which severely cut the executive budget for the executive branch. In comparison, Cruz’s bill increases […]

FINANCIAL NEWS: Governor’s fiscal team secures lowest rate for long-term bonds in Guam’s history

On August 26, 2015, in Press Releases, by jnaputi

Guam lowered its debt, moving $412.5 million of loans issued in 2007 and 2009 from low-rated general obligation bonds to A-rated BPT bonds. The interest rate dropped from approximately 6.42% (7.28% for the 2009 GO and 5.56% 2007 GO) to the lowest rate for long-term bonds GovGuam has ever been assigned: 4.02%. That lower rate […]

NEWS: Leaders recognize Guam’s top athletes

On August 25, 2015, in Press Releases, by jnaputi

“This event falls in line with the goals of the First Lady’s Rigålu Foundation to promote athleticism and Imagine Guam where we encourage our youth to be fearless while working toward their goals. We need to create an environment where athletes’ dreams are fostered and their accomplishments are rewarded.” — Governor Eddie Baza Calvo   […]

REV & TAX works with taxpayers on Real Property Tax concerns

On August 25, 2015, in Press Releases, by jnaputi

The Department of Revenue & Taxation is working with taxpayers whose names were inadvertently listed as still owing real property tax payments. “We recently sent out ‘Real Property Tax Reminder Notices’ to more than 21,700 taxpayers,” stated Paul Pablo, Deputy Tax Commissioner. “The names and properties are part of the latest listing from a new […]