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X-ORIGINAL-URL:https://legvi.org/
X-WR-CALNAME:Legislature of the United States Virgin Islands
X-WR-CALDESC:"United in Pride and Hope"
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BEGIN:VEVENT
CLASS:PUBLIC
UID:MEC-e41540465413ae52fb9b45a91583023c@legvi.org
DTSTART:20260227T140000Z
DTEND:20260227T220000Z
DTSTAMP:20260213T142000Z
CREATED:20260213
LAST-MODIFIED:20260213
PRIORITY:5
SEQUENCE:2
TRANSP:OPAQUE
SUMMARY:Committee on Budget, Appropriations and Finance
DESCRIPTION:The Committee on Budget, Appropriations and Finance will meet on Friday, February 27, 2026, 10:00 A.M. in the Earle B. Ottley Legislative Hall on St. Thomas.\nBLOCK I\nThe Committee will receive testimony from the Governor’s Financial Team on 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, status of federal grants, agencies budget allotments, bundles, schools, hospitals as well as horizontal and vertical infrastructures. The committee will also receive testimony from the Virgin Islands Department of Public Works on the overview of all Territory-wide capital projects (Horizontal and Vertical Infrastructures) and all Garvee funded projects, as well as from the Virgin Islands Department of Sports, Parks and Recreation on a detailed plan for expenditure  of $5 million at the Randall “Doc” James Racetrack.\nInvited Testifiers:\nHonorable Kevin G. McCurdy, Commissioner, VI Department of Finance\nMr. Julio Rhymer, Sr., Director, Office of Management and Budget\nMrs. Adrienne Williams-Octalien, Director, Office of Disaster Recovery\nMr. Nathan Simmonds, Director, Finance and Administration, VI Public Finance Authority\nMr. Ludence Romney, Tax Assessor, Office of the Lieutenant Governor\nMr. Brent Leerdam, Tax Collector, Office of the Lieutenant Governor\nMs. Joss Springette, Esq., Chief Negotiator, Office of Collective Bargaining\nMs. Cindy L. Richardson, Director, Division of Personnel\nDr. Haldane Davies, Executive Director, Bureau of Economic Research\nHonorable Derek A. Gabriel, Commissioner, VI Department of Public Works\nHonorable Vincent Roberts, Commissioner, VI Department of Sports, Parks and Recreation\nBLOCK II\nThe Committee on Budget, Appropriations and Finance will consider the following bill:\nBill No. 36-0236        An act amending title 33 Virgin Islands Code, subtitle 3, chapter 111, section 3061 by increasing the amount of money that is to remain in the Virgin Islands Insurance Guaranty Fund before any interest can be deposited into the General Fund\nInvited Testifiers:\nHonorable Kevin G. McCurdy, Commissioner, VI Department of Finance\nMr. Julio Rhymer, Sr., Director, Office of Management and Budget\nGlendina Matthew, Esq., Director, Division of Banking, Insurance and Financial Regulation, Office of the Lieutenant Governor\n
URL:https://legvi.org/events/committee-on-budget-appropriations-and-finance-124/
ORGANIZER;CN=Senator Novelle E. Francis, Jr.:MAILTO:senatorfrancis@legvi.org
CATEGORIES:Budget, Appropriations and Finance
LOCATION:Charlotte Amalie
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