Marigot: -- The Collectivity of St. Martin management will get some 14 million Euros as an advance from the State. The information was confirmed via a letter to the Senator and President of the COM. Senator Louis Constant Fleming told SMN News that the he received a letter from the Ministry informing him that they have decided to grant St. Martin an advance of 14 million Euros, which would be equivalent to the amount the island would receive from the 2009 taxes. Fleming provided a copy of the letter to SMN News which clearly states that the State would grant them the monies even though the two financial experts who visited St. Martin last month to access the problems facing the treasury have not finalized their reports.The decision was also approved by the Minister in charge of budget affairs. The letter also stated that when the experts submit their final report they would suggest that a round table meeting be held in Paris to discuss the suggestions that would be made in the report. During this round table discussion, decisions would be taken on what is suggested to St. Martin regarding its fiscal matters.
The following is a copy of the letter. We do apologize to our English speaking readers.
