The Virgin Islands Bureau of Internal Revenue (BIR) reminds taxpayers who have applied for the six-month automatic extension of time…
The Governor will not sign the VI legislature's budget as presented and it will now go into effect without his signature. He will now have to make the necessary cuts to try to keep the government running based on the budget passed by the 29th legislature. The budget recently passed by the senate has a short fall of millions of dollars. The V.I. Senate approved a total General Fund appropriation level of about $831.3 million. The governor's team revised revenue projections at $830.1 million for 2011 and recommended an $811.8 million budget with a operating budget of about a $1.2 billion.
Whose fault is it for not balancing that shortfall before sending it to government house?
Where will that shortfall come from now? We have to pay our bills and keep government running based on our revenues and expenditures. Couldn't this have been resolved sooner when we had less extreme options as we are facing now?