Act No. 8469 (34th Legislature) — An Act amending Act No. 8365, the Fiscal Year 2021 Executive Budget, and Act No. 8348, the Legislature’s Fiscal Year 2021 Budget, to restore
ACTNO. 8469 BILL NO. 34-0077 THIRTY-FOURTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2021 An Act amending Act No. 8365, the Fiscal Year 2021 Executive Budget, and Act No. 8348, the Legislature’s Fiscal Year 2021 Budget, to restore the 8% reduction in salaries to the employees of the Government of the Virgin Islands and for other related purposes WHEREAS, the Twenty-Ninth Legislature of the Virgin Islands enacted the Virgin Islands Economic Stability Act of 2011, Act No. 7261 (“VIESA”), which reduced by 8% the salaries of all Government employees in the executive and legislative branches; WHEREAS, the Legislature of the Virgin Islands recognizes that the Government of the Virgin Islands has an obligation to make whole all employees who suffered salary reductions under the VIESA; and WHEREAS, the Government has exceeded revenue collection projections for Fiscal Year 2021 (“FY2021”) and the 34" Legislature of the Virgin Islands has determined it appropriate to utilize the excess revenue collected over projections for FY2021 for repayment of the VIESA debt to government employees …
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Archive identifier LF-150378387713