The Legislature's Finance Committee on Monday reviews the government's five-year strategic financial plan, which details various government reform recommendations and private sector initiatives aimed at reducing the government's $1.1 billion debt.
The plan was developed in response to Gov. Charles W. Turnbull's creation of an economic recovery task force and was drafted by its chairman, John P. de Jongh.
The plan proposes possible privatization and outsourcing of several state entities to boost revenue, including VITRAN, solid waste management, the Virgin Islands Lottery and government vehicle fleet management. It also suggests initiatives for the reorganization of central services and other governmental agencies.
The Finance Committee is chaired by Lorraine Berry. Also on the committee are Senators David Jones, Violet Anne Golden, Gregory Bennerson, Roosevelt David, George Goodwin and Alicia Hansen.
The meeting is slated to begin at 10 a.m.
