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Governor Bryan Urges Continued Diligence During Pivotal Second Week of ‘Stay at Home’ Phase

CHRISTIANSTED — During his weekly press briefing on Monday, Governor Albert Bryan, Jr. stressed the need for residents to refrain from moving about the islands as the territory enters the critical second week of its “Stay at Home” phase.

While he announced some adjustments in easing some of the current requirements of his most recent executive order, the Governor also said this week is a pivotal week and that health officials are hoping that the Territory will see a return to a virus positivity rate of five percent or lower.

“We have already seen a significant decline in passengers arriving by plane, especially in the St. Thomas-St. John District as a result of the moratorium on leisure travel,” Governor Bryan said. “Unfortunately, we have not yet seen the decline in positivity rates that we are hoping to achieve. This was not unexpected, as we are experiencing the result of those infections that occurred prior to the ‘Stay at Home’ order being effectuated.”

The Governor also amended some of the restrictions currently in place under his executive order and said some specific businesses/organizations can remain open:

“I want to assure those employees and businesses that have been negatively affected by this public health order that we are aware of their challenges, and we will not maintain this order any longer than necessary,” Governor Bryan said.

Proposed Matching Fund Revenues Legislation

During his closing remarks at Monday’s briefing, Governor Bryan spoke about his proposed legislation to create a new stream of revenue to shore up the Government Employee’s Retirement System through the Matching Fund Securitization Act.

Governor Bryan initially called the 33rd Legislature into Special Session on August 18; however, the date was pushed back because of issues at the Legislature with COVID-19, and the 33rd Legislature will go into Special Session on Tuesday, August 25.

The Governor’s proposed legislation would all ow the creation of a financial entity that would refinance the debt of the Government of the Virgin  Islands at a more favorable interest rate and realize revenues of about $85 million a year for each of the next three years. Additionally, the legislation would mark the USVI’s re-entry into the bond market for the first time in 11 years and reduce the Territory’s debt service payment.

“This truly is a win-win situation for us here in the Territory, and I am looking forward to the support of the Legislature as they consider granting us the authorization to finalize this transaction in Special Session tomorrow,” Governor Bryan said. “We have already had two meetings with the Legislature, and I personally reached out this weekend to those who had remaining concerns.

“While we are two separate branches, I always remind myself that we are on the same team,” the Governor said. “We have to put aside our political agendas and do what is right for the people of the Virgin Islands, especially our retirees and our future retirees, who are counting on us to come up with a solution, and piece by piece we will.”

Unemployment

Stimulus

COVID-19 cases

Governor Bryan’s next update is scheduled for 1 p.m. on Monday, August 31.

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