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Recent Press Releases:
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NEWS: $66 million in tax refunds mailed today; more refunds next week
Today, the Department of Administration is mailing out $66 million in tax refunds to 29,000 taxpayers. The checks are for tax returns filed by May 22, 2016. But there’s more to come next week. Rev and Tax these last couple of days have processed returns filed up to May 31. They are working with DOA to prep those refund checks and get those...
TAX MONEY: Invitation to newsrooms & all
The Governor's fiscal team is inviting all of you to Adelup next week (venue & time and date TBD) for a comprehensive presentation on the people's money. The directors and deputy directors of the Department of Administration, the Governor's budget and management research bureau, RevTax, and GEDA will personally answer any questions you may...
NEWS: 10 things you need to know about tax refunds
TEN TAX REFUND FACTS In February 2011, Governor Calvo announced his intent and plan to pay refunds owed to tax payers … some folks had been waiting five, six years. A few months later, in April, the Calvo Tenorio administration introduced a bill that required the Legislature's approval so tax refunds could be paid. The bill...
NEWS: Governor & U.S. Ambassador to FSM discuss removals
The Governor spoke today with U.S. Ambassador to the Federated States of Micronesia Robert A. Riley on the Governor's removal effort. “These are criminals who have hurt U.S. citizens and non-U.S. citizens on Guam, and my goal is to get them out of here so that they don't hurt anyone on this island again,” Governor Calvo told Ambassador...
THE GOVERNOR: GovGuam will prepare employees & taxpayers for consequences of new retirement law
The following is Governor Calvo's reaction to the new Retirement Fund hybrid system, passed into law by 11 senators, who overrode the Governor's objections: I'm disappointed by this override, but we're now past how I may feel about this. The legislature has spoken, and this is the will of democracy. Now it is my job to respect the law and...
NEWS: Ready, Shoot, Aim! GGRF argues that they should implement first, evaluate later
Governor, DOA Director taken aback by response from GGRF In a letter to DOA Director Christine Baleto today, the Retirement Fund says that the Board of Trustees fully supports the override of the Governor's veto on Bill 2-33. This is even in light of the concerns that the bill is based on dated information, would add at least $173 million...
NEWS: Governor concerned about GGRF assumptions; calls for Senators to discuss Retirement Hybrid Bill in Committee of the Whole
A campaign that apparently is meant to misinform Government of Guam employees on the Defined Contribution plan was called to the attention of the Governor today. In an Aug. 26 letter to DC members, who are current GovGuam employees, Government Guam Retirement Fund Director Paula Blas CLAIMS the hybrid plan, DB 1.75, ensures DC members CAN...
NEWS: Budget bill lapses into law
Governor to Democratic leadership: “I'll do the work you couldn't do” In a Feb. 15, 2016 publication of the Guam Daily Post two senators are quoted: “As public servants, we are fond of saying that education, public safety and health care are our priorities; we have all said that throughout our careers and in our platforms....


