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Business NewsGovernment House NewsSt. Thomas NewsTerritorial Affairs

CHARLOTTE AMALIE – The outlook is bleak for Virgin Islands bond bearers and bankruptcy is not an option for the government agency Gov. Kenneth Mapp used to manage before becoming governor, according to the Fitch Ratings by Berkshire Hathaway. The Fitch Ratings determined that there is $765.8 million in outstanding

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Government House NewsSt. Croix NewsSt. John NewsSt. Thomas NewsTerritorial Affairs

CHARLOTTE AMALIE — Gov. Kenneth Mapp says he has renounced his state-funded residence on the island of St. Thomas out of economic concerns. Mapp made the announcement in a statement May 30 following public criticism of government expenditures. The government paid $14,500 a month plus $50,000 in incidental expenses to

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