Chairman, Committee on Budget, Appropriations and Finance — May 27, 2025
SENATOR NOVELLE E. FRANCIS, JR. 36TH LEGISLATURE OF THE VIRGIN ISLANDS Chairman, Committee on Budget, Appropriations and Finance REVISED Memorandum No. 25-0023 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: May 27, 2025 Re: June 3, 2025 Committee on Budget, Appropriations and Finance Meeting (Budget Overview) The Committee on Budget, Appropriations and Finance will meet on Tuesday, June 3, 2025, 12:00 P.M. in the Earle B. Ottley Legislative Hall on St. Thomas to receive testimony from the Government’s Financial Team on the Fiscal Year 2026 Executive Budget for the Government of the US Virgin Islands to include: Fiscal year 2025 budget appropriations vs. …
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SENATOR NOVELLE E. FRANCIS, JR. 36TH LEGISLATURE OF THE VIRGIN ISLANDS Chairman, Committee on Budget, Appropriations and Finance REVISED Memorandum No. 25-0023 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: May 27, 2025 Re: June 3, 2025 Committee on Budget, Appropriations and Finance Meeting (Budget Overview) The Committee on Budget, Appropriations and Finance will meet on Tuesday, June 3, 2025, 12:00 P.M. in the Earle B. Ottley Legislative Hall on St. Thomas to receive testimony from the Government’s Financial Team on the Fiscal Year 2026 Executive Budget for the Government of the US Virgin Islands to include: Fiscal year 2025 budget appropriations vs. revenue collections to date; Total allotments to date; Projected revenues through September 30, 2025 and proposed adjustments due to revenue shortfalls if any; Status of union negotiations; Status of outstanding payments due to vendors for FY 2025; Property taxes; Line of Credit; The Budget Stabilization Fund; Cash on hand; Federal drawdowns and status of federal grants to include FEMA, ARPA and CARES 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 Mr. Brent Leerdam, Tax Collector, Office of the Lt. Governor Mr. Ludence Romney, 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 Ms. Adrienne Williams-Octalien, Director, Office of Disaster Recovery Dr. Haldane Davies, Director, Bureau of Economic Research