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Monday, February 24, 2020
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A map shows the plan for work on the Frederiksted project.

Frederiksted Celebrates the Coming of Clean Water

Speakers at the ground-breaking ceremony for the second phase of the Frederiksted Waterline Rehabilitation project called it “a good day for Frederiksted.” The residents of the town will agree with them this fall when the project is done.

Short-Term Bailout Coming To Keep WAPA Running

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.

V.I. Government Issues Additional $16.1 Million in Income Tax Refunds

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.
Chart shows the change in Real GDP for the U.S> Virgin Islands.

USVI’s GDP Grew Slightly in 2018 After 2017 Decline

Real Gross Domestic Product for the U.S. Virgin Islands grew 1.5 percent in 2018 after decreasing 0.6 percent in 2017, according to numbers released Tuesday by the V.I. Bureau of Economic Research.

WAPA: Utility Bills Will Jump Without PSC Action on Base Rate

Without the 2.5 cent base rate hike the Public Services Commission denied on Thursday, the V.I. Water and Power Authority will default on its debt to Vitol, cutting off propane and forcing it to revert to oil, which will up the cost of fuel by 20 cents per kilowatt-hour.

VIHFA Buys Villa Morales, a St. Croix Landmark, For Homeless Housing

The facility will provide up to 20 emergency shelter beds, transitional housing, and permanent supportive housing for the homeless.
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)

Bryan: Expand Cannabis Law, Send Taxes to GERS

Gov. Albert Bryan Jr. has unveiled legislation broadening the territory's new medical cannabis law, with new taxes directed mostly to the failing Government Employees Retirement System, as well as new rights for Rastafarians and other changes.
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.

WAPA’s Finances, Part 3: Is There Light at the End of...

WAPA is losing money and swimming in debt, with very high electricity costs. Decades of hospitals and government agencies using it an involuntary lender by not paying power bills have starved it, forcing chronic delays in maintenance and upgrades. But not all is doom and gloom.
St. Thomas' first power plant under construction, long before the creation of the Water and Power Authority in 1964. (Undated early 20th century photo provided by the St. Thomas Historical Trust)

WAPA’s Finances Part 2: A Case of Chronic Starvation

WAPA is swimming in debt. Where did it come from? What can be done about it? Some in the PSC, Senate and the public feel this debt is the result of mismanagement. Is it? And how much does it matter, if we have to pay up anyway?

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Virgin Islands Source

You can now catch the Virgin Island Source's top headlines in a daily news brief that appears multiple times per day on the USVI's NBC and Fox TV channels. If interested in sponsoring these briefs and having your business or organization's ad reach audiences throughout the USVI, please contact [email protected] or call 340-228-8784. #news #visource #advertising ... See MoreSee Less

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