UPDATE: Reports are that there was a fire at the St. Thomas Lottery office Friday night. Early , unconfirmed reports say contents of the office, including the safe, were destroyed. We will update this story as information develops. Please feel free to blog with any accurate information you may have on this development.
Unreconciled accounts, unaccounted for...
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They haven’t collected property taxes in four years – and now they want you to pay.
And if you don’t, or you can’t in the time they determine is adequate, that property may belong to the bank. And there won’t be a thing you can do about it.
Or you can sign on to the Lt....
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Maybe the Governor will finally get the message that “borrow and spend” is not the answer to the fiscal crisis in the Virgin Islands.
The USVI’s Government Obligation (GO) bond rating has been downgraded by Fitch, one of three major national credit rating agencies for corporate and municipal bonds (the other two are Moody’s and...
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(Editor’s Note: CIF would like to thank Delegate to Congress Donna Christensen for providing us with a copy of this report.)
The government that receives the rum cover-over has the discretion to spend it as it pleases, and legislation brought forth by Puerto Rico limiting its use would violate the Congressional intent of the rum...
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In recent months, Gov. John P. deJongh Jr. has described Puerto Rico’s objections to the Diageo rum deal as those of a sore loser who lost the rum producer’s business to the Virgin Islands.
But a bill on being considered in the US House of Representatives (HR 2122) that would modify the use of the...
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We have been studying the best way to address the property tax issue due to its voluminous nature and we finally have our answer. It appears the District Court’s opinion (9/15/08 District Court Memorandum Opinion) was so comprehensive that the Administration has had difficulty understanding what they read.
However, in light of what appears to be...
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Guest Opinion by Dwane A. Callwood
I am amazed at how quickly we seem to forget here in the Virgin Islands. I am very concerned that the Governor is calling the Senate into Special Session to consider more borrowing to keep the territory afloat. I concede we are in tough economic times. However, I believe...
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The economic situation has forced Governor John deJongh, Jr. to tighten the financial belt of government spending for 2010. To that end, he has submitted a proposed fiscal 2010 budget that includes eight unpaid holidays for government employees but contains no salary or benefit cuts for members of the executive or legislative branches of...
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We are currently reviewing the decision of the 3rd Circuit Court of Appeals regarding case # 08-3897, Berne vs Government of the Virgin Islands. We will post our comments in the near future.
Property Tax Ruling – 3rd Circuit Court of Appeals – Case #08-3897
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At a recently concluded Senate Finance Committee meeting it was disclosed that the company that operates the video lottery terminals (VLT’s) in the Virgin Islands, Southland Gaming, owes the Government of the VI (GVI) $22 million and counting. Not included in this collectible, is a smaller but significant sum of money (approximately $4...
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Click here to view the IRB filing against Senator James. Guess that’s one less vote for the repeal of Act 6905. Pay your taxes Senator!
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Guest Opinion by J. J. Estemac
It is an understatement to say, “these are trying times”. Now we can understand some of the foretelling or prophesies that have been talked about in different forums, but more particularly in the religious communities. Some cite the Holy Scriptures, some Nostradamus and some other sources. We are...
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Opinion Article by Michael Springer Jr.
Sometimes the solutions to complex problems can start with simple steps and resources that are right in front of us.
Our economy, like many others, is in poor condition right now. The cost of living in the territories rivals major mainland urban areas. Basics like food and energy are stretching...
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It was a most revealing comment; a comment that highlighted a fatal flaw in the direction some of our “leaders” believe will be beneficial to the Virgin Islands.
Just before the conclusion of two days of hearings on the now approved Diageo deal – hearings that contained impassioned testimony for and against – Senator Hill...
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The sudden public emergence of the Captain Morgan distillery plan and the urgency with which the Governor is attempting to push this initiative through the Legislature should raise red flags across the territory, particularly among the residents of St. Croix.
Let me be clear – I am a strong proponent of economic development in the...
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