GovGuam's shortfall projected to balloon to $67M

February 12, 2018 Nestor Licanto

The news gets worse for the government's looming fiscal freefall. New estimates indicate the shortfall will balloon to $67 million from the previously predicted $48 million based on new withholding tax computations. Members of the Special Economic Service discussed a range of options for "revenue enhancement," that's political speak for tax and fee increases.

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GovGuam's shortfall projected to balloon to $67M
GovGuam's shortfall projected to balloon to $67M

The news gets worse for the government's looming fiscal freefall. New estimates indicate the shortfall will...