Budget
2024 Budget
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Governor Submits Fiscal Year Budget
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[/dmpro_timeline_item][dmpro_timeline_item admin_label=”Conduct Wrap-Up Hearings ” timeline_icon_color=”#255085″ _builder_version=”4.21.0″ _module_preset=”default” body_font=”Lora|500|||||||” body_text_color=”#255085″ body_font_size=”20px” hover_enabled=”0″ border_color_all_image=”RGBA(255,255,255,0)” global_colors_info=”{}” timeline_icon_color__hover=”RGBA(255,255,255,0)” timeline_icon_color__hover_enabled=”on|desktop” date_circle_color=”#255085″ sticky_enabled=”0″]Conduct Wrap-Up Hearings [/dmpro_timeline_item][dmpro_timeline_item admin_label=”Senators Mark-Up Session ” timeline_icon_color=”RGBA(255,255,255,0)” _builder_version=”4.21.0″ _module_preset=”default” body_font=”Lora|500|||||||” body_text_color=”#255085″ body_font_size=”20px” hover_enabled=”0″ border_color_all_image=”RGBA(255,255,255,0)” global_colors_info=”{}” timeline_icon_color__hover=”RGBA(255,255,255,0)” timeline_icon_color__hover_enabled=”on|desktop” date_circle_color=”#255085″ sticky_enabled=”0″]Senators Mark-Up Session[/dmpro_timeline_item][dmpro_timeline_item admin_label=”Conduct Committee on Budget, Appropriation and Finance Meeting” timeline_icon_color=”RGBA(255,255,255,0)” _builder_version=”4.20.2″ _module_preset=”default” body_font=”Lora|500|||||||” body_text_color=”#255085″ body_font_size=”20px” border_color_all_image=”RGBA(255,255,255,0)” global_colors_info=”{}” timeline_icon_color__hover=”RGBA(255,255,255,0)” timeline_icon_color__hover_enabled=”on|desktop”]Conduct Committee on Budget, Appropriation and Finance Meeting[/dmpro_timeline_item][dmpro_timeline_item admin_label=”Conduct Committee on Rules and Judiciary Meeting ” timeline_icon_color=”RGBA(255,255,255,0)” _builder_version=”4.20.2″ _module_preset=”default” body_font=”Lora|500|||||||” body_text_color=”#255085″ body_font_size=”20px” border_color_all_image=”RGBA(255,255,255,0)” global_colors_info=”{}” timeline_icon_color__hover=”RGBA(255,255,255,0)” timeline_icon_color__hover_enabled=”on|desktop”]Conduct Committee on Rules and Judiciary Meeting [/dmpro_timeline_item][dmpro_timeline_item admin_label=”Conduct Budget Session” timeline_icon_color=”RGBA(255,255,255,0)” _builder_version=”4.20.2″ _module_preset=”default” body_font=”Lora|500|||||||” body_text_color=”#255085″ body_font_size=”20px” border_color_all_image=”RGBA(255,255,255,0)” global_colors_info=”{}” timeline_icon_color__hover=”RGBA(255,255,255,0)” timeline_icon_color__hover_enabled=”on|desktop”]Conduct Budget Session [/dmpro_timeline_item][dmpro_timeline_item admin_label=”Governor’s Consideration of Proposed Budget” timeline_icon_color=”RGBA(255,255,255,0)” _builder_version=”4.20.2″ _module_preset=”default” body_font=”Lora|500|||||||” body_text_color=”#255085″ body_font_size=”20px” border_color_all_image=”RGBA(255,255,255,0)” global_colors_info=”{}” timeline_icon_color__hover=”RGBA(255,255,255,0)” timeline_icon_color__hover_enabled=”on|desktop”]
Governor’s Consideration of Proposed Budget
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Governor Submits Fiscal Year Budget
About this step
Pursuant to 2 V.I.C. §24, the Governor is required to submit to the Legislature on or before May 30th the recommended budget for the succeeding fiscal year. Â
Conduct Overview Hearing
About this step
The Committee on Budget, Appropriations and Finance conducts a hearing with the Governor’s Financial Team to receive an overview of the current and future financial position of the government.
Conduct Budget HearingsÂ
About this step
From June – September the Committee on Budget, Appropriations and Finance conducts hearings with all departments and agencies to review the proposed budget requests.
Conduct Wrap-Up Hearings
About this step
By mid-September, the Committee on Budget, Appropriations and Finance conducts an exit hearing with the Governor’s Financial Team to review any supplemental changes to the budget.
Senators Mark-Up SessionÂ
About this step
The Committee on Budget, Appropriation and Finance conducts a review and mark-up of the proposed budget.
Conduct Committee on Budget, Appropriation and Finance Meeting
About this step
The Committee on Budget, Appropriation and Finance meets to review and consider the budget bills prior to forwarding them to the Committee on Rules and Judiciary for further consideration.
Conduct Committee on Rules and Judiciary Meeting
About this step
The Committee on Rules and Judiciary conducts a meeting to review and consider all budget bills prior to forwarding them to the full body with the Closed Rule for further consideration.
Conduct Budget Session
About this step
Prior to the close of the current fiscal year, a legislative session is held to consider all budget bills, which are then forwarded to the Governor for further consideration and approval.
Governor’s Consideration of Proposed Budget
About this step
Upon approval and submission, the Governor has ten days to review and act on the submitted budget bills. Should the Governor veto any bill, the Legislature may move to override the veto in a subsequent legislative session.