Conference Spotlights Concerns and Hopes for Government Programs

Residents tuning into the Facebook broadcast of the 2024 Spring Revenue Estimating Conference had reasons for hope and concern.

Most of the territory’s revenue-generating agencies and some private-sector stakeholders presented the audience with historical data about revenue collection and gave future predictions.

This fiscal year’s downturn in revenue generated so far could warrant concern. Department heads’ predictions that major FEMA projects will reach the construction stage and pump millions upon millions of federal dollars into the territory’s economy in the coming year could also warrant hope.

Finance Commissioner Kevin McCurdy said that, as of April 26, the territory had $461 million in total operating revenues when it had been predicted that revenues would be $530 million at this point.