WICO tells Senate it owes $11.8M in pilot liability, pledges 60-day study and partial payment plan West Indian Company Limited (WICO) told the Senate Economic Development & Agriculture Committee it carries about $11.8 million in unpaid payment‑in‑lieu‑of‑taxes (pilot), reported a $2.6 million net loss in FY2025 and committed to provide a study and a pilot-payment proposal within 60 days.

WICO reveals a staggering $11.8 million in unpaid pilot liabilities and a $2.6 million net loss, as senators demand accountability for the future of the U.S. Virgin Islands' cruise economy.

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#US #EconomicDevelopment #VirginIslandsEconomy #TourismRecovery

Governor's Budget Proposal Boosts Bureau of Economic Research Funding for Data Initiative Governor's plan allocates over $1M to enhance economic data collection and analysis.

The Virgin Islands is set to boost its economic future with a groundbreaking $1 million budget proposal for enhanced data collection and analysis!

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#US #CitizenPortal #DataCollection #EconomicDevelopment #VirginIslandsEconomy

Compliance review shows 97% achievement for 2022 but only 7% for 2023 Recent audit reveals declining compliance rates with 7% reported for 2023

The Virgin Islands Legislature is sounding the alarm as financial compliance plummets from 97% to a shocking 7% in just one year!

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#US #CitizenPortal #GovernmentTransparency #FinancialCompliance #EconomicDevelopment #VirginIslandsEconomy

Gaming Authority outlines plans to streamline casino employee licensing process Authority aims to expedite casino employee licensing to improve revenue collection methods.

The Virgin Islands Legislature is taking bold steps to tackle illegal internet gaming and boost revenue with a comprehensive regulatory framework—will they succeed?

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#US #CitizenPortal #RevenueGeneration #RegulatoryFrameworks #GamingOperations #VirginIslandsEconomy

Senators discuss strategies for Catalyst Fund and leveraging AI for youth development Senators explore funding for small businesses and AI integration in workforce training.

The Virgin Islands is on the brink of a technological transformation, with discussions focused on enhancing internet access and supporting local businesses through innovative funding strategies.

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#US #TechInfrastructure #CitizenPortal #WorkforceDevelopment #VirginIslandsEconomy

Senators discuss gambling regulations and funding for Virgin Islands youth programs Senators address gambling laws and budget reallocations for youth employment initiatives in Virgin Islands.

The Virgin Islands Legislature is reconsidering its gambling regulations, opening the door to potential revenue boosts and new job opportunities for local youth.

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#US #CitizenPortal #GamblingRegulations #YouthEmployment #EconomicDevelopment #VirginIslandsEconomy

RT Park leaders discuss plans for office space and economic growth in Virgin Islands RT Park executives propose office leasing solutions to attract new businesses and boost economy.

The future of the Virgin Islands' economy is bright as the RT Park unveils exciting plans to support local entrepreneurs and foster innovation!

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#US #CitizenPortal #EntrepreneurshipSupport #InnovationIncubator #EconomicDevelopment #VirginIslandsEconomy

Consumers confront unexpected debit card fees at credit card machines Customers report unauthorized charges when using debit cards at credit card payment terminals.

Consumers in the Virgin Islands are facing unexpected fees when using debit cards at credit card machines, raising urgent questions about payment processing transparency.

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#US #EconomicDevelopment #VirginIslandsEconomy #CitizenPortal #ConsumerProtection #FinancialTransparency

Virgin Islands Senate proposes ban on credit card surcharges to enhance tourism Senate seeks to eliminate credit card surcharges to boost local businesses and tourism.

Lawmakers in the Virgin Islands are pushing to ban credit card surcharges, aiming to boost local businesses and enhance the tourism experience.

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#US #VirginIslandsEconomy #CitizenPortal #TourismDevelopment #ConsumerProtect

Virgin Islands committee reviews bill to ban credit card surcharges and allow cash discounts The Senate committee discusses bill 36-0019, addressing credit card surcharges and cash discounts.

A groundbreaking bill in the Virgin Islands could reshape how we pay, prohibiting credit card surcharges while introducing cash discounts—will it protect consumers or push prices higher?

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#US #LegislativeTransparency #CitizenPortal #VirginIslandsEconomy #PaymentFairness

Virgin Islands tackle credit card surcharges harming tourism and economy Credit card surcharges threaten Virgin Islands’ competitiveness and tourism appeal amidst rising costs.

The Virgin Islands Legislature is taking a stand against credit card surcharges that threaten to undermine both local businesses and the territory's tourism appeal.

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#US #EconomicDevelopment #VirginIslandsEconomy #CitizenPortal #ConsumerProtection #TourismImpact

Senator Heiliger questions contractor definitions in disaster recovery legislation Senator Alma Francis Heiliger seeks clarity on contractor definitions tied to disaster recovery.

The Virgin Islands Legislature is set to revolutionize business operations with new legislation that could reshape credit card transaction costs and redefine disaster recovery contractors.

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#US #DisasterRecovery #EconomicDevelopment #VirginIslandsEconomy #CitizenPortal

Virgin Islands tourism surges with record 2.6 million visitors and historic low unemployment Virgin Islands tourism surges with record 2.6 million visitors, driving economic growth and job creation.

The Virgin Islands are experiencing an unprecedented tourism boom with a record 2.6 million visitors, fueling economic growth and a brighter future for its residents.

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#US #WorkforceDevelopment #CitizenPortal #VirginIslandsEconomy #TourismGrowth