BY KATIE AIZON
Journal Staff
The United States Department of Interior announced an advanced payment of $105 million in Section 30 funding will be provided to the Government of Guam on Sept. 15.
Section 30 funds are federal income taxes collected under Guam’s Organic Act from active members of the U.S. Armed Forces and federal employees living in Guam, used to support local government operations.
Funds are typically remitted in September before the start of the fiscal year. According to journal files, amounts have ranged from $70 million to $76 million and have in the past equated to 10% of the GovGuam general fund. mbj
Journal Staff
The United States Department of Interior announced an advanced payment of $105 million in Section 30 funding will be provided to the Government of Guam on Sept. 15.
Section 30 funds are federal income taxes collected under Guam’s Organic Act from active members of the U.S. Armed Forces and federal employees living in Guam, used to support local government operations.
Funds are typically remitted in September before the start of the fiscal year. According to journal files, amounts have ranged from $70 million to $76 million and have in the past equated to 10% of the GovGuam general fund. mbj
