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Inos: FY 2012 budget still at $102M
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Posted on Jul 05 2011
Acting governor Eloy S. Inos said the projected revenues available for government operations in fiscal year 2012 remains at $102 million by the July 1 threshold, a day after the Senate followed the House’s approval of a concurrent resolution on a $102 million budget.
“So far we haven’t seen any significant change,” Inos said. “As of July 1, we didn’t think that events…will allow for any major significant change in estimates.”
Senate President Paul Manglona (Ind-Rota), for his part, said the Senate passed with reservation House Concurrent Resolution 17-3, House Draft 1 on Thursday.
Just like the Senate, the House grudgingly approved the concurrent resolution on Wednesday last week. Members believe that less than $100 million would be available for government operations in fiscal year 2012, but still adopted the resolution.
The House and Senate were expecting that the Fitial administration would submit a report to the Legislature on Friday any changes in projected revenues for 2012, but that report didn’t come.
Inos said the Fitial administration didn’t think there’s a change in the $102 million budget, so there’s no need to submit a report.
Inos, a former Finance secretary who currently oversees government finances, said the $102 million budget already takes into consideration the end of the American Recovery and Reinvestment Act grant funding and the privatization of the Commonwealth Health Center.
Fiscal year 2012 will be from Oct. 1, 2011, to Sept. 30, 2012.
In related news, so-called non-critical government employees who didn’t get paid last week may receive their paychecks today.
Since June 2010, the government has been delayed at least 17 times in issuing paychecks to “non-critical” employees because of cash shortage resulting from the slow economy.
