Beautiful Virgin Islands

Wednesday, Apr 01, 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
King Charles Plans US State Visit as UK Strengthens Ties with Trump Leadership
UK Regulator Launches Investigation Into Microsoft’s Business Software Practices
Kanye West Set for High-Profile Return to UK Stage at Wireless Festival
Trump Presses Europe to Strengthen Commitment as Iran Conflict Escalates
UK to Deploy Additional Troops to Middle East Amid Rising Regional Tensions
UK Authorities Face Claims of Heavy-Handed Measures in Monitoring Released Pro-Palestine Activists
Trump Calls on UK to Secure Its Own Energy as Iran Conflict Intensifies
Nigel Farage Declines Invitation to UK Conservative Conference Led by Liz Truss
Trump Warns Allies to Take Responsibility as Rift Deepens with UK and France Over Iran Conflict
How Britain’s Prime Minister Controls U.S. Bomber Access in Escalating Iran Conflict
Trump Urges Allies to Secure Their Own Oil Supplies as Hormuz Crisis Disrupts Global Energy
Russia Expels British Diplomat as UK Pushes Back Against Pressure
White House App Faces Scrutiny After Claims of Continuous User Location Tracking
BBC Faces Scrutiny Over Allegations of Paid Content Linked to Saudi Arabia
UK-France Coastal Patrol Agreement Nears Breakdown Amid Migration Pressures
UK Police Detain Pro-Palestine Activist Again Weeks After Bail Release
FTSE 100 Advances as Energy and Mining Shares Gain Amid Middle East Tensions
Eli Lilly Seeks UK Pricing Deal to Unlock Renewed Pharmaceutical Investment
Three Arrested in UK After Massive Cocaine Haul Discovered Hidden in Banana Shipment
UK Fuel Prices Poised for Further Surge Amid Global Energy Pressures
Apple Subsidiary Penalized by UK Authorities for Breach of Moscow Sanctions
Western Allies Intensify Coordinated Sanctions Strategy Against Russia
UK Lawmakers Face Criticism Over Renewed Push for Social Media Restrictions
Starmer Signals UK Crackdown on Addictive Social Media Features
Rising Costs Push One in Five UK Hospitality Businesses to the Brink of Closure
Man Arrested on Suspicion of Attempted Murder After Car Strikes Pedestrians in UK, Injuring Seven
Escalating Conflict Involving Iran Tightens Fiscal Pressures and Highlights UK Economic Vulnerabilities
UK Moves to Confront Russian ‘Shadow Fleet’ Operating in Its Waters
UK Housing Divide Deepens as Older Owners Hold Wealth While Under-30s Face Mounting Barriers
London Demonstration Calls on UK to Recognize Iranian Opposition’s Provisional Government
UK Green Party Vote on ‘Zionism is Racism’ Motion Collapses Amid Internal Disputes and Technical Failures
SNL UK Ignites Debate with Sharp Royal Satire Targeting Prince Andrew and Prince William
EU Proposes ‘Emergency Brake’ to Resolve Deadlock in UK Youth Mobility Talks
Thousands Rally in London to Oppose Rise of Far-Right Movements
Hong Kong Official Rejects Allegations of Surveillance Orders Targeting UK-Based Dissidents
PayPal Expands Cryptocurrency Services to Allow UK Users to Buy and Sell Bitcoin
UK Minister Challenges Reform Party’s ‘Pro-Family’ Agenda as Debate Intensifies
Concerns Grow Over Meningitis Risk Among UK Students Amid Warning Signs of New Outbreaks
Japanese Grand Prix 2026: Schedule, UK Start Times and Full Broadcast Details
Electric Vehicles Seen as Strategic Solution to UK Fuel Reserve Concerns
Rise of Lone-Actor Threats and Online Radicalisation Drives New Wave of Antisemitic Attacks in the UK
Canada Advances Plan to Ban Cryptocurrency Donations in Election Campaigns
UK Faces Looming Medicine Shortages as Iran Conflict Threatens Supply Chains
Deadly Meningitis Outbreak in the U.K. Highlights Urgent Need for Vaccination
Fresh Claims Emerge Over Harry and Meghan’s Australia Visit as Insider Speaks Out
NATO Assessment Indicates UK Defence Spending Has Fallen Below Alliance Average
FTSE 100 Slips as Middle East Tensions Weigh on Investor Sentiment
UK Economy Begins to Feel Early Impact of Iran Conflict as Policy Challenges Intensify
Russian National Jailed in UK After Assault Case Linked to Barron Trump’s Alert
Energy Price Surge Accelerates Shift Away from Fossil Fuels in UK Homes
×