Guam closed FY 2024 with a $51 million surplus, even while maintaining a 5% BPT. By combining disciplined budgeting, with improved collection practices, we can absorb a 1% rate cut without sacrificing essential services like health, education, and infrastructure.

FULL ARTICLE...https://www.guampdn.com/opinion/letter-why-does-a-1-business-privilege-tax-cut-matter/article_f8825191-29f9-47e2-8329-9db4b957a4a4.html