Tag: OMB Director Nellon Bowry

Gentle Winds Property Owners Say The Lack of WAPA Power There Has Already Cost The Government About $200K In Lost Revenues … With No End In Sight!

GENTLE WINDS CONDOMINIUMS: Near St. Croix’s historic Salt River on the North Shore. [ad name=”HTML-68″] CHRISTIANSTED — One of the biggest single location short-term rental properties on St. Croix says that the government of the Virgin Islands is missing out hotel room taxes to the tune of about $100,000 per month. Gentle Winds Condominiums, which […]

Fitch Ratings, One of Three Major Credit Rating Firms, Brings Territory Down Three Notches With The Promise It Will Sink Lower … Soon

[ad name=”HTML-68″] NEW YORK — Seeing few options for improvment to the territory’s finances,  Fitch Ratings took its credit rating on the Virgin Islands down all the way to triple-C from B. That’s a steep three-notch downgrade, bringing it to a level that indicates significant risk of default. Also, Fitch is maintaining a negative outlook. The problem […]