CHARLOTTE AMALIE — Governor Albert Bryan. heard largely positive projections for Fiscal Year 2021 from the revenue-generating agencies and departments of the Government of the Virgin Islands during the Office of Management & Budget’s (OMB) 2021 Revenue Estimating Conference on Tuesday. In her Revenue Forecast before the presentations by the 18 agencies and departments reporting their […]
Tag: Office of Management and Budget (OMB)
Governor Bryan Submits First Ever 2-Year Executive Budget, Revenues Projected to Increase For Fiscal Years 2022 and 2023
CHARLOTTE AMALIE — Governor Albert Bryan has submitted to the 34th Legislature the first ever two-year Executive Budget and said revenue projections continue to increase during the next two years, providing an optimistic outlook for Fiscal Years 2022 and 2023. Also included in the balanced budgets for both years are a number of highlights: Wage increases for […]
Government Revenues Down Due To COVID-19: Office of Management And Budget
CHARLOTTE AMALIE — The administration’s Office of Management and Budget held its fall Revenue Estimating Conference on Wednesday where 18 of the government’s revenue-generating agencies provided a revenue outlook for Fiscal Year 2021. Governor Albert Bryan, OMB Director Jenifer O’Neal, and members of the governor’s cabinet shared the FY 21 revenue forecast with attendees at the virtual conference, which included members of the 33rd Legislature and Senators-elect who will join […]
OMB Spring Revenue Estimating Conference Coming Up On June 2
CHARLOTTE AMALIE — The Office of Management and Budget Director Jenifer C. O’Neal informs the public of the upcoming Spring Revenue Estimating Conference to be held on June 2. Due to the COVID-19 pandemic, the conference will be held via Zoom from 9a.m.-5:00p.m. and streamed live online. Presentations will be given by revenue generating agencies […]
GUEST EDITORIAL: Grow V.I. Economy By 50 Percent Or Cut General Fund Outlays
Written By: GARY POKORNY On January 28, 2019 Governor Albert Bryan Jr. gave his first State of the Territory Address. I would encourage every citizen of the Virgin Islands to read this speech. Governor Bryan was clear: The General Fund has virtually no cash on hand, and $600 million in short term accounts payables. This is […]
Gov. Bryan Announces OMB Director, Fire Services and BIR Directors
CHRISTIANSTED — Governor Albert Bryan, Jr on Thursday announced Jenifer O’Neal as Director of the Office of Management and Budget (OMB), rounding out his financial team which includes the Commissioner of the Department of Finance, Kirk Callwood and Director of the Internal Revenue Bureau (IRB) Joel Lee. The governor also announced Daryl George, Sr. as […]
EMMA WEBSITE: Price of Virgin Islands Bonds Doubled; BB Says WAPA To Raise Rates
NEW YORK — The price of some U.S. Virgin Islands bonds’ on the secondary market has more than doubled since the end of last year, The Bond Buyer reports today. According to the Electronic Municipal Marketplace Access web site, on December 28, 2017 a customer bought $2 million of Virgin Islands gross receipts tax bonds […]