AGP Executive Report
Last update: 11 hours agoFederal Funding: Gov. Lou Leon Guerrero is awaiting a federal response to Guam’s $5.1 billion request to help cover the military buildup’s effects on island services and infrastructure. Public Finances: The Retirement Fund’s net position rose to $3.1 billion, but its defined-benefit plan’s unfunded liability grew to $1.34 billion. GDOE received a clean audit opinion, while auditors flagged $9.3 million in questioned costs and weaknesses in federal grant oversight. Economic Growth: GEDA is seeking land for a proposed industrial and technology park aimed at attracting data and clean-tech businesses; the project is still in early planning, with no site or timeline set. Workforce: Seventy-two students tried construction trades at a GCA hands-on event, while UOG’s nursing program secured accreditation through 2034 and plans to nearly double admissions in 2027. Tax Status: Guam remains on the EU’s list of non-cooperative tax jurisdictions, alongside seven others, as Panama and Vietnam move to a monitoring list.
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