The Senate Finance Committee’s review of the Turnbull administration’s long-awaited five-year economic recovery plan won't take place next week as planned.
The committee, chaired by Sen. Lorraine Berry, was to have met April 18 with the task force drafting the plan. But John deJongh Jr., chairman of the task force, informed Berry on Friday that final delivery of the plan has been extended from April 17 to April 27 to allow task force members to submit comments.
Berry said a new date to discuss the plan will be announced soon. At that meeting the committee will hear from CORE International, the firm contracted by the Interior Department to draft a five-year fiscal management plan, and task force members. The two groups are expected to disclose the details of a comprehensive fiscal recovery plan for the territory.
Berry said the committee will still meet April 19 to receive an overview on the territory’s financial status from Gov. Charles Turnbull’s staff and off-island fiscal and technical advisers. Finance Committee members want to learn how proceeds from the proposed WAPA partnership with Southern Energy would play into the government's cash flow as the Legislature prepares to consider related financial matters.
