Chairman, Committee on Budget, Appropriations and Finance — January 31, 2025
SENATOR NOVELLE E. FRANCIS, JR. 36TH LEGISLATURE OF THE VIRGIN ISLANDS Chairman, Committee on Budget, Appropriations and Finance REVISED I Memorandum No. 25-003 To: Committee on Budget, Appropriations and Finance Members The Honorable Marvin A. Blyden, Vice-Chairman The Honorable Dwayne M. DeGraff The Honorable Ray Fonseca The Honorable Hubert L. Frederick The Honorable Marise C. James The Honorable Kurt A. Vialet From: The Honorable Novelle E. Francis, Jr. Chairman, Committee on Budget, Appropriations and Finance Date: January 31, 2025 Re: February 18, 2025 Committee on Budget, Appropriations and Finance Meeting Block I The Committee on Budget, Appropriations and Finance will meet on Tuesday, February 18, 2025, 10:00 A.M. in the Frits E. Lawaetz Legislative Conference Room on St. …
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SENATOR NOVELLE E. FRANCIS, JR. 36TH LEGISLATURE OF THE VIRGIN ISLANDS Chairman, Committee on Budget, Appropriations and Finance REVISED I Memorandum No. 25-003 To: Committee on Budget, Appropriations and Finance Members The Honorable Marvin A. Blyden, Vice-Chairman The Honorable Dwayne M. DeGraff The Honorable Ray Fonseca The Honorable Hubert L. Frederick The Honorable Marise C. James The Honorable Kurt A. Vialet From: The Honorable Novelle E. Francis, Jr. Chairman, Committee on Budget, Appropriations and Finance Date: January 31, 2025 Re: February 18, 2025 Committee on Budget, Appropriations and Finance Meeting Block I The Committee on Budget, Appropriations and Finance will meet on Tuesday, February 18, 2025, 10:00 A.M. in the Frits E. Lawaetz Legislative Conference Room on St. Croix to receive testimony from the Government’s Financial Team on the territory’s finances to include the status of vendor payments, property taxes, 90-120 days revenue collections, 90-120 days general expenditures, the Tourism Revolving Fund, Compliance reporting in accordance with Act 8915, the Line of Credit, the Budget Stabilization Fund, the Single Payer Utility, cash on hand, federal drawdowns and status of federal grants to include FEMA, ARPA and CARES and the Epstein Fund, etc. The Committee on Budget, Appropriations and Finance will also receive testimony from the Virgin Islands Department of Public Works on the overview of Capital Projects (Territorial), Garvee funded projects, an update on road projects and bridges, the status of the Paul E. Joseph Stadium and the VITRAN Maintenance and Operations Facility on St. Croix. Invited Testifiers: The Honorable Kevin McCurdy, Commissioner, VI Department of Finance Mr. Julio Rhymer, Director, Office of Management and Budget Mr. Joel Lee, Director, VI Bureau of Internal Revenue Mrs. Adrienne Williams-Octalien, Director, Office of Disaster Recovery Mr. Brent Leerdam, Tax Collector, Office of the Lt. Governor Ms. Chalma Moorhead, Acting Tax Assessor, Office of the Lt. Governor Ms. Joss Springette, Esq., Chief Negotiator, Office of Collective Bargaining Ms. Cindy L. Richardson, Director, Division of Personnel The Honorable Derek Gabriel, Commissioner, VI Department of Public Works