The Palacios-Apatang administration is expecting the CNMI’s economic recovery in the coming year with more tourist arrivals, federally funded construction activities expedited, and increased tax collections, according to Department of
Rep. Ralph N. Yumul (Ind-Saipan) introduced yesterday a bill that seeks to impose an additional 3% tax to the yearly gross revenue that is directly derived from construction activities in
Citing insufficient funding to pay three critical expenses, including the retirees pensions of up to 25%, the Office of Management and Budget has asked the Legislature to grant reprogramming authority to Gov. Arnold I. Palacios in excess of 50%.
Gov. Arnold I. Palacios has requested the Marianas Public Land Trust to consider extending a $20-million line of credit for several federally funded capital improvement/infrastructure projects in order to raise revenues.