Published June 4, 2021, 2:11 PM
State-run Government Service Insurance System (GSIS) said the pension fund has granted over P200 billion in loans, benefiting over one million state workers and pensioners.
In a statement, Rolando Ledesma Macasaet, GSIS president and general manager said on Friday, June 4, that the fund has released P208 billion in net loans since 2019 through their various loan products.
“GSIS has provided assistance to countless lives at a time when they needed our help the most,” Macasaet said.
According to Macasaet, more than P108 billion was disbursed to nearly 292,000 members under the GSIS Financial Assistance Loan (GFAL) and over P16 billion to 256,537 individuals who availed of the Multipurpose Loan (MPL).
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LEWISTON Consolidated Communications awarded a $2,500 grant to Lewiston Public Schools through its Consolidated Connects Educational Grant Program to eight K-12 schools in support of innovative, technology-focused learning programs.
The funds are going to computer science for Lewiston programming and were part of $20,000 awarded to initiatives supporting creative student learning and innovative technologies. The grants, awarded as a part of the program’s inaugural grant cycle, are directed toward schools and initiatives within the company’s service area that advance creative student learning, develop 21st century skills, promote critical thinking and utilize innovative technologies. In response to the ongoing pandemic, this grant cycle focused on funding projects that address virtual/remote learning resource gaps.
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Sens. Dominick Moreno, D-Commerce City, and Chris Hansen, D-Denver, participate in the second-reading amendment process for Senate Bill 205, on April 8, 2021. ((Faith Miller/Colorado Newsline))
May 3, 2021
Though the COVID-19 pandemic is still raging in Colorado despite increasing vaccination and thousands remain unemployed, the immediate future looks bright for the state s budget.
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The Colorado General Assembly finalized the $34.1 billion 2021-2022 budget on April 30, with last-minute additions for gray wolf reintroduction, short-term cash assistance and bullying prevention efforts. If the budget package is signed by Democratic Gov. Jared Polis it would constitute an 11% increase in spending over the current year.
That s a far cry from the belt-tightening forced by the pandemic last spring, when lawmakers on the Joint Budget Committee were expecting a prolonged economic downturn. But this year, between higher-than-expected sales and income tax revenue, and
The Colorado General Assembly finalized the $34.1 billion, 2021-2022 budget on April 30, with last-minute additions for gray wolf reintroduction, short-term cash assistance and bullying prevention efforts. If the budget package is signed by Governor Jared Polis, it would constitute an 11 percent increase in spending over the current year.
That’s a far cry from the belt-tightening forced by the pandemic last spring, when lawmakers on the Joint Budget Committee were expecting a prolonged economic downturn. But this year, between higher-than-expected sales and income tax revenue, and a forthcoming influx of federal coronavirus relief money, legislators almost had more money than they knew what to do with, to quote Senator Dominick Moreno, a Commerce City Democrat who s the JBC chair.