Honorable Shawn-Michael Malone
Honorable Shawn-Michael Malone President 29th Legislature of the Virgin Islands Capitol Building St. Thomas, United States Virgin Islands 00802 Dear President Malone: Enclosed is the proposed Executive Budget for Fiscal Year 2014 for the Government of the United States Virgin Islands (“Government”). I would like to express my sincere appreciation for your understanding and patience as we ensured the development of a budget that meets the needs of our community and our best interests. Over the past year, our community has continued to face economic and financial challenges unlike any we have witnessed in recent decades, as we continue to adjust to the impact of the Great Recession and the damage to our economy and community from the closure of the HOVENSA refinery. In this environment, we have maintained governmental operations with limited resources and made investments that offer the prospect of generating returns in the near-term, while helping to establish a foundation for our long-term economic growth. …
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