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Gov. Albert Bryan Jr. discusses his administration's priorities toward reducing property and homelessness during a meeting with members of the Virgin Islands Interagency Council on Homelessness Tuesday in Government House on St. Croix. (Government House photo)

V.I. Revenues Expected to Increase; Bryan Cautions Against Excess Spending

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.
IRB Director Joel Lee testifies before the Senate Finance Committee about his department's budget Tuesday. (Photo by Barry Leerman for the V.I. Legislature)

IRB Says There’s No Plan B if Excise Tax Appeal Loses

Internal Revenue Bureau Director Joel Lee told lawmakers Tuesday that if the District Court rules against the government’s appeal to reinstate excise taxes, the bureau has no backup plan in the face of roughly $45 million in tax collection losses each year.

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