Slider

Senate panel to conduct budget hearings

Local
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

THE Senate Committee on Fiscal Affairs convened on Thursday to discuss the Fiscal Year 2021 budget proposal.

Chaired by Senate Vice President Jude U. Hofschneider, the committee discussed certain concerns with the governor’s budget proposal, including revolving accounts and the mandated reporting of expenditure plans.

“Today’s meeting is preparation for the Senate Fiscal Affairs Committee [review of] the FY 2021 budget proposal by the administration,” said the committee chair.

In August, the committee will conduct budget hearings for certain departments and agencies.

“We’re also hoping to see what the House passes, so that we can begin the process of having a budget product before the end of the fiscal year,” said Hofschneider.

FY 2020 ends on Sept. 30, 2020.

“Once we receive the budget here [in the Senate], we will do our own analysis…we [will] review it… Oftentimes, every year, since the beginning of this process, there’s never a time where we actually have the same product,” referring to the analyses presented by the House and the Senate.

 On Thursday, the Senate Committee on Fiscal Affairs met to discuss the FY 2021 budget proposed by the administration. Photo by K-Andrea Evarose S. Limol

“I’m aware of the challenges this year with the economy  [and] the severe reduction in projected revenue, but that just gives us more opportunities to look at other elements within the revenue stream,” he added.

During the  committee discussions on Thursday, there were a number of questions regarding revolving accounts that are seemingly absent from the governor’s budget proposal.

The committee also noted that the governor has requested the suspension of some of the earmarked funds amounting to approximately $12 million.

Sen. Sixto Igisomar recommended a “blanket provision” that would suspend earmarked funds across-the-board, as opposed to “picking and choosing” which funds to suspend and which to keep.

Hofschneider said they should also look into the significant number of people who have been furloughed or terminated.

Other topics discussed included federal reimbursements, pension funds and the casino license and other fees paid by Imperial Pacific International.

Shadow
Slider
previous arrow
next arrow
Shadow
Slider

Read more articles

Visit our Facebook Page

previous arrow
next arrow
Shadow
Slider