FIRST NOTICE – Special Economic Service (SES) Meeting on July 3, 2025

FOR IMMEDIATE RELEASE
June 26, 2025
 
MEMORANDUM
To: All Senators, Stakeholders, and Media
From: Senator Christopher M. Dueñas
Chairman, Committee on Finance and Government Operations
Re: FIRST NOTICE – Special Economic Service (SES) Meeting on July 3, 2025
The Committee on Finance and Government Operations will conduct the Special Economic Service Meeting on Thursday, July 3, 2025, beginning at 2:00 pm at the Public Hearing Room in the Guam Congress Building. The agenda is as follows:

1. Call to Order
2. Roll Call
3. FY 2025 Revenue Tracking (BBMR, DOA, DRT)
   1. May Consolidated Revenue and Expenditure Report
   2. May Special Revenue Funds Tracking Report
   3. Shortfalls and Projected Revenues for Remaining FY 2025
4. FY 2025 Advanced Tax Credit Amounts Updates (BBMR, DOA, DRT)
   1. Earned Income Tax Credit
   2. Child Tax Credit
   3. Additional Child Tax Credit
   4. Other Advancements or Reimbursements
5. FY 2026 Assumptions Supporting Revenue Projections (BBMR, DRT, DOA)
   1. Individual
   2. Corporate
   3. Withholding
   4. Business Privilege Tax
   5. Section 30
   6. Major Special Funds
6. FY 2026 Estimated Tax Credit Advancements or Reimbursements (BBMR, DRT,
7. DOA)
8. Tax Refunds and Collections (DRT)
   1. Status on Outstanding Tax Refund Payments
   2. Use Tax
9. Federal Assistance Funds Availability (DRT, DOA, BBMR, DOL, GEDA, GVB,
10. GSC)
    1. American Rescue Plan Funds
    2. Updates on Congressional Appropriations
11. Updates on FY 2024 GovGuam Audit (OPA)
12. Debt Service Management for FY 2026 (GEDA)
    1. Plans for Refinancing and Restructuring for Debt Services
    2. New and Contemplated Financing
13. Update and Outlook on Guam’s Tourism (GVB)
    1. FY 2025 Tourism Status Update
    2. FY 2026 Tourism Outlook and Estimated Tourists Arrivals
14. Guam’s Economic Outlook for FY 2026 (DOL)
15. Federal/Militay Contributions/Expenditures (BSP, DOL)
    1. Status on Military Contracts and Effect on GovGuam Revenues
16. Open to Discussion
17. Adjournment

In compliance with Title II of the Americans with Disabilities Act (ADA), all government activities, programs, and services are accessible to individuals with disabilities.
If you or anyone you know requires assistance or special accommodations to participate in the meeting, please contact the Office of Senator Christopher M. Dueñas for further assistance via email at senator.duenas@guamlegislature.gov or by phone at (671) 989-9554.
The meeting will be broadcast LIVE on local television (GTA Channel 21, Docomo Channel
117) and streamed online via I Liheslaturan Guåhan’s YouTube Channel
(@guamlegislaturemedia).
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