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Charlotte Amalie
Tuesday, September 25, 2018
Tue September 25, 2018 7:57 AM
Home Story Series Budget Crisis

Budget Crisis

U.S. Capitol. (NBC News image)

V.I. Budget Crisis, Part 19: Congress Can Still Do a Lot – But If...

Congress could act to help ease the budget pain in the USVI. For example, it could reform Medicare and Medicaid to bring as much as an extra $100 million to the USVI every year. Whether it will act is the question.
(Image from Alabama Public Radio)

V.I. Budget Crisis, Part 18: Honesty Makes the Best Policy

The USVI faces a host of economic problems made significantly worse by the impact of two hurricanes. Highlighting the facts is not just wallowing in doom and gloom, but an important part of facing them and making wise decisions.
Graph of total General Fund and total net tax revenues, with historical data from 2004-2017 and projected revenues for 2018 to 2020. (Data compiled by Bill Kossler from historical V.I. budgetary data and data presented by Budget Director Nellon Bowry at the Dec. 5, 2017 V.I. Legislature Finance Committee hearing)

V.I. Budget Crisis Part 17: Federal Help Is Coming, But Not Enough

If the V.I. government and Congress do not step up and take difficult, serious steps quickly, the unfilled budget shortfalls will play out painfully and chaotically.
Graph of total General Fund and total net tax revenues, with historical data from 2004-2017 and projected revenues for 2018 to 2020. (Data compiled by Bill Kossler from historical V.I. budgetary data and data presented by Budget Director Nellon Bowry at the Dec. 5, 2017 V.I. Legislature Finance Committee hearing)

The V.I. Budget Crisis, Part 16: Irma and Maria Make A Bad Situation Worse

Early in 2017, the U.S. Virgin Islands was facing massive structural deficits, fast-rising debt, multiple ratings downgrades, an inability to borrow and no clear path to solvency. Hurricanes Irma and Maria have made the situation dramatically worse.
The Cruzan Rum distillery on St. Croix. (Marina Ricci photo)

The V.I. Budget Crisis: Part 15, Rum and Congress

With the U.S. Virgin Islands caught in a straitjacket of a budget crisis, there are things the U.S. Congress could do to help, starting with the funds the territory receives for rum production.

The V.I. Budget Crisis, Part 14: Medicaid and Medicare

Congress could do several things which would quickly eliminate the territory's budgetary problems.
Gambling Revenues Compared To Other Revenues (Click on the image for a larger view)

The V.I. Budget Crisis: Part 13: Finding New Revenues – AirBnB and Marijuana

One potential revenue source for helping the government dig out from under its budget crisis is already here and ubiquitous – Cannabis. While opposition remains, the tide of public opinion is swinging towards legalization.

The V.I. Budget Crisis, Part 12: What Else Can the USVI Do To Help?...

As the territory struggles with its budget crisis, Gov. Kenneth Mapp and members of the Legislature have talked about possibly consolidating some government agencies...

The V.I. Budget Crisis, Part 11: Education, Where The Big Spending Is

The largest single department in the V.I. budget is Education, which means it's also got the biggest, most complicated budget. That makes searching for budget savings a daunting task.
What the USVI Spends On, Proportionally. (Click on image for larger view.)

The V.I. Budget Crisis, Part 10: Chronic Overtime

Many government departments have been plagued with excess overtime, persisting over many years. More than one audit has found a chronic lack of documentation to prove the overtime work actually happened.

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