76.5 F
Cruz Bay
Monday, March 1, 2021
Home Tags Finance

Tag: Finance

Senate Sends Securization Proposal to Committee for Further Review

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.

ODR Juggles Territorial Projects Totaling Billions of Dollars

The 1,500 projects tracked by the Office of Disaster Recovery come with a hefty price tag and numerous challenges. Despite the challenges, 669 of the 1,500 projects have been completed.

Sen. Gittens: Land Purchase Would Speed Up Luis Hospital Reconstruction

At Wednesday’s Finance Committee hearing, senators discussed legislation that would authorize the purchase of more than 3.5 acres of land to expand the footprint of St. Croix’s Gov. Juan F. Luis Hospital, long overdue for reconstruction.

Boynes Dock and Henry Rohlsen Airport Could Gain Improvement Funds

The Henry E. Rohlsen Airport on St. Croix and St. John's Lorendon Lorence Boynes Sr. Ferry Terminal may see major renovations under a measure approved Friday by the Senate Finance Committee.
Sen. Donna Frett-Gregory speaks in favor of her tax amnesty bill during Friday's meeting of the Senate Finance Committee. (Photo provided by the V.I. Legislature)

Finance Committee OKs Tax Amnesty to Provide COVID Relief

The Senate Finance Committee on Friday passed a tax amnesty bill to help Virgin Islander face difficult financial times brought on by the COVID-19 pandemic.

Waste Haulers May Get Paid; Senators Want Public’s Help in Keeping V.I. Clean

Although Senators' main action at Thursday’s Finance Committee hearing was to advance a bill appropriating $15 million to the Waste Management Authority for outstanding debts to waste haulers, lawmakers also took the time to address the public about keeping the U.S. Virgin Islands clean.

Senators Express Confusion About Changes to GERS Bail Out Bill, But Pass it in a Close Vote

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.

BMV Announces a New STT Facility is Within Reach

The Bureau of Motor Vehicles stands to receive additional funding after the Senate Finance Committee voted on Wednesday to appropriate money for a rebuild of the St. Thomas facility that hurricanes Irma and Maria decimated.  

AG: Child Support and Paternity Hearings Have Ground to a Halt

Despite the abilities of the V.I. Supreme and Superior Courts to conduct virtual hearings, child support and paternity hearings have halted since the pandemic hit in March, Attorney General Denise George told the Senate Finance Committee on Thursday.

Canvassing Has Increased Tax Collection Rates, BIR Director Says

The Virgin Islands Bureau of Internal Revenue’s collection rates are up this fiscal year, with a 7 percent increase in total revenue collections and a 20 percent increase in outstanding balance collections compared to the 2019 fiscal year, said BIR Director Joel Lee.

JOIN OUR MAILING LIST

STAY CONNECTED

20,265FansLike
4,124FollowersFollow

FROM FACEBOOK

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Load more