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Senate votes to bailout WAPA with funds from GERS.
After a second emergency meeting on Monday, the governor and senators agreed in principle to make an emergency appropriation later this week to pay immediate past-due accounts to Vitol to restore propane supplies and keep the electricity flowing at the V.I. Water and Power Authority.
The story of Stormy Pirates Boat Charters on St. Thomas was supposed to begin on Sept. 1, 2017, but hurricanes Irma and Maria were heading our way. The debris was barely cleared when Kristie and Richard Weiss started their business in early 2018. Less than two years later, they have grown from two to six boats.
Government employees resigning and taking out what they have in the Government Employees Retirement System will accelerate the system’s free fall to bankruptcy.
Vitol, the V.I. Water and Power Authority's propane supplier and creditor for WAPA's conversion from oil to propane electricity generation, cut off the propane it supplies the utility at noon Saturday. This means WAPA must use more expensive fuel oil instead and cannot use its newest, most efficient generators.
With less than 24 hours notice, Friday afternoon Gov. Albert Bryan Jr. called the Legislature into an emergency meeting Saturday, Dec. 21, to discuss "matters related to the V.I. Water and Power Authority."
After several past efforts, it looks like cockfighting is now banned throughout the United States, including the territories, as of December 20, but not without opposition both here in the USVI and over in neighboring Puerto Rico.
The Finance Department issued $16.1 million in income tax refunds with disbursements of $9.5 million on December 12, and another $6.6 million on Thursday, according to Government House.
The bulk of a meeting of the Board of Directors of the West Indian Company Thursday was taken up by unresolved issues related to the decision by the Government Employees Retirement System to terminate WICO as manager of Havensight Mall.
V.I senators and department heads want to move to what they are calling a "Blue Economy," but there are concerns about how it will be organized, funded and what exactly a Blue Economy is.