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Last updateSun, 20 Oct 2019 8pm

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    Sunday, October 20, 2019-6:31:51A.M.

     

     

     

     

     

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Senate raises FY 2020 revenue projection

THE Senate on Thursday adopted an amended version of House Concurrent Resolution 21-1 that increases the fiscal year 2020 projected revenue by $1.4 million.

The original resolution identified $233.2 million in projected revenue for FY2020. Of this amount, $151.2 is available for appropriation including $4.1 million for the Department of Public Lands.

In adopting the resolution, the Senate increased the amount available for appropriation to $152.9 million.

After a series of meetings with Finance Secretary David Atalig and Special Assistant for Management and Budget Vicky Villagomez, the Senate Committee on Fiscal Affairs included in the concurrent resolution $3.152 million in amusement machines licensee fees for Tinian and Saipan, and $138,249 in Public School System technical education fund.

The Senate version of the concurrent resolution states that “the Legislature was informed by the Department of Finance on June 6, 2019 that the PSS technical education fund and 4 CMC Section 1508 [amusement machines license fees] funds reserved for the second and third senatorial districts were inadvertently excluded in the list of earmarked funds…and should be included in the list.”

In addition, the Senate version of the concurrent resolution crossed out $3.58 million in tobacco control and $1.46 million in cancer funds on the list of identified budgetary resources.

The Senate noted that Gov. Ralph DLG Torres recommended the suspension of these earmarks in his budget transmittal letter.

“Thus, these earmarked funds will not be transferred out and should be removed,” the Senate version of the resolution stated.

H.C.R. 21-1 is now on its way back to the House.