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US Military: Buildup will boost Guam revenue
US Military: Buildup will boost Guam revenue as service members move to territory
Associated Press
2014-05-20 06:42 AM

HAGATNA, Guam (AP) -- Defense officials say the relocation of U.S. Marines from Okinawa, Japan will boost Guam's revenue by at least $37 million a year.

The Pacific Daily News (http://bit.ly/1nf4cWz) reports that's enough to more than double the size of Guam's police force.

The Joint Guam Program Office says the money will come from income taxes paid by 5,000 Marines who will move to Guam. The federal government remits service member income taxes to the territory in a lump sum each year.

Joint Guam Program Office-Forward Deputy Director Maj. Darren Alvarez says this income tax revenue will peak at $62 million in 2021.

The grassroots organization We Are Guahan says the military isn't paying to help Guam cope with the effects of the buildup.

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Information from: Pacific Daily News: http://www.guampdn.com

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