Confidence builds: tax refunds to the people no later than mid-June
FOR IMMEDIATE RELEASE
May 9, 2012
Gas prices are down and half of the 2011 tax refunds money is one step closer to the bank. This is not such a bad day for Guamanians.
After news broke of Fitch rating agency’s affirmation of its ‘A-‘ with a stable outlook for the Series B bonds, Standard & Poors affirmed its ‘A’ rating with a stable outlook. The agency will release its report tomorrow.
“We fought really hard for the tax refunds, and we couldn’t be happier about this news,” Governor Calvo said. “The highest credit ratings in our history were just affirmed, even though the global community is in financial upheaval. That says we’re doing things right on Guam.”
The Governor acknowledges the island has a long way to go to fix decades of instability and lost opportunity that has caused so much poverty.
“Getting the people back the money they are owed is a good start,” Senator Frank Blas, Jr. said. “This is their money. With the Governor and the legislature working together, we will implement the hard reforms that will restore the public’s trust and build this island to its greatest heights.”
Please call Troy Torres at 475-9304 or 486-8887 for more information.
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