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Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

LiquidFluoride
January 17, 2017 11:57PM

Registered: 5 years ago
Posts: 1,940

Quote
rotorhead
A look ahead for the USVI.
Official: Puerto Rico govt could collapse if no steps taken

[www.foxnews.com]

and we are worse off than they are... technically.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

Alana33
January 18, 2017 03:04AM

Registered: 6 years ago
Posts: 11,870

Analysts Worry USVI Following Puerto Rico's Path

[stthomassource.com]

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

East Ender
January 18, 2017 08:45AM

Registered: 13 years ago
Posts: 4,937

""This time they might move faster because they saw what happened in Puerto Rico," and if there is a "perceived inability to provide basic government services," Clark said. "It is not a bond default but it is a bad situation," he said."

Well, they AREN'T able to provide basic government services...

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

vicanuck
January 18, 2017 01:56PM

Registered: 8 years ago
Posts: 2,285

Let the chips fall where they may.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

singlefin
January 18, 2017 02:03PM

Registered: 4 years ago
Posts: 679

Not so sure the new administration in Washington will be so eager to throw millions at this one.

Why should they?

This could surely ruin any re-election plans for Govenor Map.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

Alana33
January 18, 2017 02:27PM

Registered: 6 years ago
Posts: 11,870

Meanwhile, he, his family and cronies shall continue to live high off the hog of VI taxpayers money. "Let the ear cake.!"

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

stxsailor
January 18, 2017 03:30PM

Registered: 3 years ago
Posts: 497

"This could surely ruin any re-election plans for Governor Map."


Not necessarily, all he needs to do is throw a party, give out some t shirts and a plate of food. Remember that's how much of our population votes.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge
avatar

rotorhead
January 18, 2017 03:50PM

Registered: 12 years ago
Posts: 2,449

Quote
stxsailor
"This could surely ruin any re-election plans for Governor Map."


Not necessarily, all he needs to do is throw a party, give out some t shirts and a plate of food. Remember that's how much of our population votes.


The politics of "free stuff"!

If he thought on a grander scale he could offer subsidized healthcare insurance or free college.



Edited 1 time(s). Last edit at 01/18/2017 04:14PM by rotorhead.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge
avatar

Exit Zero
January 18, 2017 05:11PM

Registered: 10 years ago
Posts: 2,241

The proposed 'sin taxes' will really increase the high cost of living here for residents despite Mapp saying they are on 'non-essential' items that only tourists purchase.
Contact your senators -- taxing alcohol, soft drinks, even cigarettes is certain to affect us all - and combined with the WMA fees coming the COL is destined to rise dramatically.
We may even need more alcohol to help us through the next 4 years!

There is plenty of wasted money in Govt. and cost cutting that can be effective across the board.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

STTsailor
January 18, 2017 06:03PM

Registered: 2 years ago
Posts: 489

The sin tax will not balance the budget. The budget gap is too large. Taxing alcohol, sugar and smokes will affect sales. Alcohol is already expensive except of local rum and vodka. Beer, wine is more expensive here than in US mainland. I don't think any tourists would purchase wine and beer for export. It is mostly consumed locally and will affect islanders. Cig smoking if not too popular here.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

COLDER
January 19, 2017 07:34AM

Registered: 9 years ago
Posts: 185

How about just reducing the size of the govenment
Does the USVI realy need 15 senators and all the expenses that go with them ?
Does the USVI realy need all those agencies and the staff that goest with tyhem ?
How about cutting salaries at the excutive level until the budget is balanced ?

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

SunnyCaribe
January 19, 2017 10:01AM

Registered: 7 years ago
Posts: 495

How about encouraging business on a scale that would be meaningful to our economy? If you so called "free market conservatives" would see past your "f**k-you-I-got-mine" attitudes and quit trying to punish the other guy, whoever your biases identify as the other, and wake up to the economic reasoning behind the ideology you espouse, you would realize that commerce is the only practical way to bring in outside dollars and the solvency and prosperity that come with them.

There is a lot to criticize the governor and the legislature for, but on the very top of the list of their faults is their failure to attract and retain businesses on a scale that can supplement our community.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

daveb722
January 19, 2017 10:06AM

Registered: 3 years ago
Posts: 485

thumbs up

Quote
COLDER
How about just reducing the size of the govenment
Does the USVI realy need 15 senators and all the expenses that go with them ?
Does the USVI realy need all those agencies and the staff that goest with tyhem ?
How about cutting salaries at the excutive level until the budget is balanced ?

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

LiquidFluoride
January 19, 2017 11:28AM

Registered: 5 years ago
Posts: 1,940

Quote
COLDER
How about cutting salaries at the excutive level until the budget is balanced ?

Our governor is paid 150,000 a year (plus benefits i'm sure).... Population 106,415
$1.41/person

The governor of California is paid 170,000..... Population ~38,800,000
$0.004/person

The governor of Florida is paid 130,000... Population ~20,000,000
$0.006/person

I think our governor should make around 60,000 a year...

Which is still $0.55/person


We should definitely be cutting salaries so they are at least on track with reality.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

STTsailor
January 19, 2017 01:26PM

Registered: 2 years ago
Posts: 489

Quote
SunnyCaribe
How about encouraging business on a scale that would be meaningful to our economy? If you so called "free market conservatives" would see past your "f**k-you-I-got-mine" attitudes and quit trying to punish the other guy, whoever your biases identify as the other, and wake up to the economic reasoning behind the ideology you espouse, you would realize that commerce is the only practical way to bring in outside dollars and the solvency and prosperity that come with them.

There is a lot to criticize the governor and the legislature for, but on the very top of the list of their faults is their failure to attract and retain businesses on a scale that can supplement our community.

You hit the nail in the head. EDC with all its tax breaks is shrinking. Why? I suspect because of corruption and unreal red tape and lack of qualified work force. Also, PR came up with its own tax incentives program.
This knuckle heads that run the island starting at the very top and finishing up at the BMV clearks have to get the message.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

janeinstx
January 19, 2017 05:23PM

Registered: 6 years ago
Posts: 651

Hospital paychecks were "short" today.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

AandA2VI
January 19, 2017 07:04PM

Registered: 6 years ago
Posts: 2,232

Quote
NugBlazer
The only answer is to completely remove every government official and start fresh with ones from the states. Locals have proven time and again that they are corrupt and not up to the challenge.

thumbs up

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge
avatar

rotorhead
January 19, 2017 08:11PM

Registered: 12 years ago
Posts: 2,449

Quote
AandA2VI
Quote
NugBlazer
The only answer is to completely remove every government official and start fresh with ones from the states. Locals have proven time and again that they are corrupt and not up to the challenge.

thumbs up

I have been saying this for the past 20 years. When I first moved here I used to write to the Dept of the Interior asking them to stop sending money and instead to send adult supervision.

They never replied. I guess they will be forced to now.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

Alana33
January 20, 2017 05:56AM

Registered: 6 years ago
Posts: 11,870

Calling for Tax Increases, Fitch Downgrades USVI Bonds Again

[stthomassource.com]

Not looking good.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

STTsailor
January 20, 2017 06:18AM

Registered: 2 years ago
Posts: 489

Quote
Alana33
Calling for Tax Increases, Fitch Downgrades USVI Bonds Again

[stthomassource.com]

Not looking good.

The gov will have some trouble meeting next payroll. Not sure how EBT is funded. If EBT cards don't work we are heading for disturbance.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

SunnyCaribe
January 20, 2017 08:01AM

Registered: 7 years ago
Posts: 495

Quote
rotorhead
Quote
AandA2VI
Quote
NugBlazer
The only answer is to completely remove every government official and start fresh with ones from the states. Locals have proven time and again that they are corrupt and not up to the challenge.

thumbs up

I have been saying this for the past 20 years. When I first moved here I used to write to the Dept of the Interior asking them to stop sending money and instead to send adult supervision.

They never replied. I guess they will be forced to now.

Why do any of you continue to live in a place you loathe, among people you despise?

When I first moved here I was occasionally guilty of thinking similar thoughts but it became clear to me early on that sanctimonious attitudes like these are a big part of why things are the way they are.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

Cat
January 20, 2017 08:40AM

Registered: 6 years ago
Posts: 60

What happens when they stop paying the police?

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

daveb722
January 20, 2017 10:51AM

Registered: 3 years ago
Posts: 485

Quote
SunnyCaribe
Quote
rotorhead
Quote
AandA2VI
Quote
NugBlazer
The only answer is to completely remove every government official and start fresh with ones from the states. Locals have proven time and again that they are corrupt and not up to the challenge.

thumbs up

I have been saying this for the past 20 years. When I first moved here I used to write to the Dept of the Interior asking them to stop sending money and instead to send adult supervision.

They never replied. I guess they will be forced to now.

Why do any of you continue to live in a place you loathe, among people you despise?

When I first moved here I was occasionally guilty of thinking similar thoughts but it became clear to me early on that sanctimonious attitudes like these are a big part of why things are the way they are.

So what your saying is that you have now lowered your standards and accept the status quo. I live and was born in NY (not NYC) and think our gov't doesn't have a clue, does that make me sanctimonious because I want change and am not willing to accept how my taxes continue to increase (2nd highest taxed state), people are leaving (#1 in the US based on moving company stats. I love my state, love the VI but time to change things up. You have 15 senators for a population of 105,000. That's outrageous. We have towns with more population with 5 on the town board. You have a gov't that has basically monopolized the job market, lowered productivity, continue to add jobs that are not needed, without creating private sector jobs to help support the territory. Unfortunately the islands will fall into fiscal chaos, but it's probably needed. Spending needs to be cut, services need to improve, private enterprise needs to be brought in and create a solid tax base, so you don't have to borrow all the time to support an overstaffed Gov't.

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

vicanuck
January 20, 2017 10:51AM

Registered: 8 years ago
Posts: 2,285

Quote
Cat
What happens when they stop paying the police?

What are they doing now to protect us?

What would change if they stopped being paid?

Re: Mapp: No Bonds Right Now, V.I. Needs New Taxes to Sustain Budge

vicanuck
January 20, 2017 10:54AM

Registered: 8 years ago
Posts: 2,285

Quote
daveb722
Unfortunately the islands will fall into fiscal chaos, but it's probably needed. Spending needs to be cut, services need to improve, private enterprise needs to be brought in and create a solid tax base, so you don't have to borrow all the time to support an overstaffed Gov't.

Some chaos is definitely needed. Things must change...and they will once the money runs out.

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