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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.
At this year's revenue estimating conference, Internal Revenue Bureau Director Joel Lee projected a 10 percent bump in V.I. tax revenues for fiscal year 2020, but Gov. Albert Bryan Jr. is warning against using up the hoped-for increase wastefully.
Gov. Albert Bryan Jr. has authorized the Bureau of Internal Revenue to pay out an additional $11 million in income tax refunds to tax filers in the territory this week.