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Meeting in special session on Tuesday the V.I. Senate did not approve a newly revamped version of Gov. Albert Bryan Jr.'s securitization proposal, instead, sending it to the Finance Committee for further consideration.
Confusion swept through the Legislature on Thursday during a special session at which senators were called to vote on changes to a debt refinancing bill that aims to rescue a fiscally crumbling pension system. By an 8-6 margin, the newly amended legislation narrowly passed.
The governor’s proposed bill that aims to bail out the Government Employees' Retirement System was passed by the Legislature at a Friday special session, the culmination of Thursday’s Finance Committee hearing that moved into special session before being recessed.
The Senate Finance Committee on Thursday narrowly advanced Gov. Albert Bryan Jr.'s bill that aims to bail out the Government Employees' Retirement System by securitizing the territory’s Matching Fund debt.
While the V.I.'s financial woes are enough to keep any leader up at night, Gov. Albert Bryan Jr. is confident that when the pandemic eases the territory will be poised for a comeback.
Finding the balance between reviving the economy and public safety is a delicate one, Governor Albert Bryan Jr. said in a recent interview with the Source.
When Government House launched its weekly “The Press Box” live broadcasts in January, the words COVID-19, pandemic and social distancing were yet to become a part of the everyday lexicon of Virgin Islanders.
Gov. Albert Bryan Jr. on Wednesday said he is instituting a “rent freeze” during the remainder of the coronavirus emergency, prohibiting landlords from increasing rent even in cases where the lease or rental agreement has expired.
Gov. Albert Bryan Jr. took action on 31 bills, approving 26 of them – including two measures that strengthen penalties for driving under the influence – vetoing four others and using his line-item veto on another, Government House announced.
Gov. Albert Bryan Jr. and his senior staff met Monday with the Government Employees Retirement System's Board of Trustees, GERS Administrator Austin Nibbs and Virgin Islands legislators to discuss solutions to the unfunded liability of the pension system.