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VI Senate - 1/24/12

 
jbatl
(@jbatl)
Advanced Member

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.

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Topic starter Posted : January 24, 2012 7:50 pm
jbatl
(@jbatl)
Advanced Member

Gross receipts increase failed 8-7.

Gov will likely layoff another 500 tomorrow.

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Topic starter Posted : January 24, 2012 8:43 pm
jay
 jay
(@jay)
Advanced Member

Says it will end on September 30, 2015...............Anybody wanna bet a weeks pay on that???

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Posted : January 24, 2012 9:23 pm
Bombi
(@Bombi)
Trusted Member

$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.

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Posted : January 24, 2012 9:36 pm
stxfoodie
(@stxfoodie)
Advanced Member

Wonder who will be foolish enough to be the debtholder?

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Posted : January 24, 2012 9:53 pm
jbatl
(@jbatl)
Advanced Member

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.

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Topic starter Posted : January 24, 2012 10:07 pm
rotorhead
(@rotorhead)
Trusted Member

How about setting an example and rolling those senate salaries back to pre-6905 levels.

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Posted : January 25, 2012 12:49 am
gparrot
(@gparrot)
Advanced Member

How many people work for the government?

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Posted : January 25, 2012 1:16 am
DaChief
(@DaChief)
Advanced Member

about 12% of the total workforce

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Posted : January 25, 2012 3:36 am
HappyFace
(@HappyFace)
Advanced Member

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

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Posted : January 25, 2012 5:03 am
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