House adopts Senate resolution that asks Palacios collect $25 3M uncollectible BGRT saipantribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saipantribune.com Daily Mail and Mail on Sunday newspapers.
The concurrent resolution that the Senate is now reviewing after its recent passage in House of Representatives shows an embedded $9.1 million in Gov. Arnold I. Palacios’ fiscal year 2024 budget submission that essentially overstates the projected revenues for fiscal year 2024.
Gov. Arnold I. Palacios’ proposed budget for the government’s operations in fiscal year 2024 includes a proposal to increase the Business Gross Revenue Tax beginning in the second quarter of fiscal year 2024 for an additional estimated revenue of $9.1 million. This early, some senators believe this one-time increase will result in a hot-button tussle between the Senate and the House of Representatives.