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Topic starter
For those of you not able to follow on radio or TV, the Senate by vote of 10-5 just passed this ...
http://www.legvi.org/vilegsearch/ShowPDF.aspx?num=29-0266&type=Bill
They're now debating a bill to increase gross receipts to 5 percent.
I'll spare you the details of the debate.
Posted : January 24, 2012 7:50 pm
Topic starter
Gross receipts increase failed 8-7.
Gov will likely layoff another 500 tomorrow.
Posted : January 24, 2012 8:43 pm
Says it will end on September 30, 2015...............Anybody wanna bet a weeks pay on that???
Posted : January 24, 2012 9:23 pm
$120 million here, 150 million there add another 100 million and what do we have ..... Nothing but debt .... And more debt.... They sold the farm
I wonder what the debt service to income ratio is now.
Posted : January 24, 2012 9:36 pm
Wonder who will be foolish enough to be the debtholder?
Posted : January 24, 2012 9:53 pm
Topic starter
Wonder who will be foolish enough to be the debtholder?
Banks _ Popular and First were mentioned in the Senate, but the loans were conditioned upon an increase in gross receipts, terms that we negotiated pre-HOVENSA announcement, so I can't see the loans going through now. The first measure gives the government a chunk from the insurance fund and eliminates the sunset on the last gross receipts increase and authorizes the collection of property taxes at 98 assessed levels, but the governor will surely contend it's not enough and we'll be right back to where we started _ oh yeah, minus HOVENSA.
Posted : January 24, 2012 10:07 pm
How about setting an example and rolling those senate salaries back to pre-6905 levels.
Posted : January 25, 2012 12:49 am
How many people work for the government?
Posted : January 25, 2012 1:16 am
about 12% of the total workforce
Posted : January 25, 2012 3:36 am
2009 Figures from the Office of Insular Affairs;
Private Sector Jobs 31,029
USVI Govt Jobs 12,116
Federal Govt Jobs 962
Annual Gross Pay $38,000
Posted : January 25, 2012 5:03 am
