Beautiful Virgin Islands

Friday, Jan 23, 2026

$40M budget gap can be bridged by legalised marijuana- USVI Gov

$40M budget gap can be bridged by legalised marijuana- USVI Gov

“Framing our Financial Future” is the theme of the Governor Albert A. Bryan administration's budget covering fiscal years 2023 and 2024. The budget, which was submitted to the 34th Legislature Tuesday afternoon, May 31, 2022, among other things provides $16 million for public employees' wage increases and funding for about 1,200 vacancies across all government agencies.

However, there is a $40 million budget gap and Governor Bryan believes the approval of legislation making marijuana use for adults legal in the Virgin Islands would generate significant revenue. Mr Bryan, speaking during the administration's weekly press briefing called on Senator Janelle K. Sarauw, who has authorship of the measure, to act on the legislation.

“We have included legislation to approve adult-use cannabis. It is just totally ridiculous now how long Senator Sarauw has been holding our bill in the Legislature. Call her and tell her why you holding up this cannabis use legislation,” Mr Bryan suggested to residents.

“We need to get it done so we will be calling the Legislature into special session and give them plenty of time to think about it. We have a $40 million funding gap this year that we need to fill with different types of funding resources,” he said.

The governor said it's been three years since the measure was presented to the Senate. "We need to get it through the Legislature so we can get some money,” he said.

The budget provides members of the Legislature with various fiscal measures for 2023 and 2024. “For us it is essential and it gives the lawmakers a good look at what we have coming up,” Mr Bryan stated.

Regarding $40 million budget gap, Governor Albert A. Bryan believes the approval of legislation making marijuana use for adults legal in the Virgin Islands would generate significant revenue.


'Manageable budget'


“I think this is so important because we are approaching a point here where, yes we are stronger than ever but we have to make sure that we don’t tip over on that point where we create so much expense for our government that we can't handle it once we get over the Covid-19 recovery and spending from the hurricanes,” the governor said while explaining that his administration needs to be able to have a manageable budget so that it would never have to go through an 8 percent reduction similar to what happened during the de Jongh administration.

“So while we are very optimistic about our future, framing our financial future is making sure we do so in a responsible way because we are projecting growth in all five major revenue categories — Personal Income Tax, Corporate Income Tax, Real Property Tax, Gross Receipt Tax, and Excise Tax,” he said.

“We expect all of them to go up because the strength of these revenue collections has allowed us to propose a budget plan that addresses several critical expenditure areas. So the highlight of this budget is what we have been able to do because of financial management,” Governor Bryan said.

These commitments include $16 million for public employee wage increases; funding for 1,200 vacancies across all government, and $2 million to fund the Office of Disaster Recovery. "We are moving into a point now where in our recovery there will be more and more professionals working for us directly to manage these schools that are coming on, the hospitals that are coming on,” the governor said while admitting that some of these positions are above the capacity of these agencies.

Also included in the budget is $225,000 for continuous support for the Office of Gun Violence Prevention; $1.8 million for the expansion of GVI fellows; an additional $2 million for the Supreme Court of the Virgin Islands; and $5 million for road maintenance to be placed in a trust fund. "The transportation trust never had any money in it for years. We are putting money in there now so that we can actually start a road repair program,” he said.

There is also $25 million in retroactive wages owed to retirees. Mr Bryan said that this is a 30-year-old debt that the Bryan/Roach Administration is paying.

The government has also allocated $5 million to be deposited into a rainy-day fund. “We have built significant cash reserve now; never had this before in the Virgin Islands… this administration has put away $5 million for the last couple years,” said the governor as he explained the purpose of the rainy-day fund.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Trump Reverses Course and Criticises UK-Mauritius Chagos Islands Agreement
Elizabeth Hurley Tells UK Court of ‘Brutal’ Invasion of Privacy in Phone Hacking Case
UK Bond Yields Climb as Report Fuels Speculation Over Andy Burnham’s Return to Parliament
Prince William to Make Official Visit to Saudi Arabia in February
Prince Harry Breaks Down in London Court, Says UK Tabloids Have Made Meghan Markle’s Life ‘Absolute Misery’
Malin + Goetz UK Business Enters Administration, All Stores Close
EU and UK Reject Trump’s Greenland-Linked Tariff Threats and Pledge Unified Response
UK Deepfake Crackdown Puts Intense Pressure on Musk’s Grok AI After Surge in Non-Consensual Explicit Images
Prince Harry Becomes Emotional in London Court, Invokes Memory of Princess Diana in Testimony Against UK Tabloids
UK Inflation Rises Unexpectedly but Interest Rate Cuts Still Seen as Likely
Starmer Steps Back from Trump’s ‘Board of Peace’ Amid Strained US–UK Relations
Prince Harry’s Lawyer Tells UK Court Daily Mail Was Complicit in Unlawful Privacy Invasions
UK Government Approves China’s ‘Mega Embassy’ in London Amid Debate Over Security and Diplomacy
Trump Cites UK’s Chagos Islands Sovereignty Shift as Justification for Pursuing Greenland Acquisition
UK Government Weighs Australia-Style Social Media Ban for Under-Sixteens Amid Rising Concern Over Online Harm
Trump Aides Say U.S. Has Discussed Offering Asylum to British Jews Amid Growing Antisemitism Concerns
UK Seeks Diplomatic De-escalation with Trump Over Greenland Tariff Threat
Prince Harry Returns to London as High Court Trial Begins Over Alleged Illegal Tabloid Snooping
High-Speed Train Collision in Southern Spain Kills at Least Twenty-One and Injures Scores
Meghan Markle May Return to the U.K. This Summer as Security Review Advances
Trump’s Greenland Tariff Threat Sparks EU Response and Risks Deep Transatlantic Rift
Prince Harry’s High Court Battle With Daily Mail Publisher Begins in London
Trump’s Tariff Escalation Presents Complex Challenges for the UK Economy
UK Prime Minister Starmer Rebukes Trump’s Greenland Tariff Strategy as Transatlantic Tensions Rise
Prince Harry’s Last Press Case in UK Court Signals Potential Turning Point in Media and Royal Relations
OpenAI to Begin Advertising in ChatGPT in Strategic Shift to New Revenue Model
GDP Growth Remains the Most Telling Barometer of Britain’s Economic Health
Prince William and Kate Middleton Stay Away as Prince Harry Visits London Amid Lingering Rift
Britain Braces for Colder Weather and Snow Risk as Temperatures Set to Plunge
Mass Protests Erupt as UK Nears Decision on China’s ‘Mega Embassy’ in London
Prince Harry to Return to UK to Testify in High-Profile Media Trial Against Associated Newspapers
Keir Starmer Rejects Trump’s Greenland Tariff Threat as ‘Completely Wrong’
Trump to hit Europe with 10% tariffs until Greenland deal is agreed
Prince Harry Returns to UK High Court as Final Privacy Trial Against Daily Mail Publisher Begins
Britain Confronts a Billion-Pound Wind Energy Paradox Amid Grid Constraints
The graduate 'jobpocalypse': Entry-level jobs are not shrinking. They are disappearing.
Cybercrime, Inc.: When Crime Becomes an Economy. How the World Accidentally Built a Twenty-Trillion-Dollar Criminal Economy
The Return of the Hands: Why the AI Age Is Rewriting the Meaning of “Real Work”
UK PM Kier Scammer Ridicules Tories With "Kamasutra"
Strategic Restraint, Credible Force, and the Discipline of Power
United Kingdom and Norway Endorse NATO’s ‘Arctic Sentry’ Mission Including Greenland
Woman Claiming to Be Freddie Mercury’s Secret Daughter Dies at Forty-Eight After Rare Cancer Battle
UK Launches First-Ever ‘Town of Culture’ Competition to Celebrate Local Stories and Boost Communities
Planned Sale of Shell and Exxon’s UK Gas Assets to Viaro Energy Collapses Amid Regulatory and Market Hurdles
UK Intensifies Arctic Security Engagement as Trump’s Greenland Rhetoric Fuels Allied Concern
Meghan Markle Could Return to the UK for the First Time in Nearly Four Years If Security Is Secured
Meghan Markle Likely to Return to UK Only if Harry Secures Official Security Cover
UAE Restricts Funding for Emiratis to Study in UK Amid Fears Over Muslim Brotherhood Influence
EU Seeks ‘Farage Clause’ in Brexit Reset Talks to Safeguard Long-Term Agreement Stability
Starmer’s Push to Rally Support for Action Against Elon Musk’s X Faces Setback as Canada Shuns Ban
×