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Charlotte Amalie
Thursday, August 11, 2022
HomeNewsArchivesFUTURE PAYROLLS PRESENT BIG PROBLEMS

FUTURE PAYROLLS PRESENT BIG PROBLEMS

The V.I. government is going to have problems meeting future payrolls, transition team members are saying.
Juel Molloy, transition team co-chair, said it appears that the only way payrolls for Dec. 31 and Jan. 14 can be met is to withhold vendor payments and delay income tax refunds.
The Office of Management and Budget has recommended securing a line of credit with a bank to ensure payrolls can be met, Molloy said.
"Absent that, we're anticipating major problems with the government being able to make payroll between now and March," she told the V.I. Independent.
Molloy said once the Turnbull-James administration takes office Jan. 4, the new governor will be able to prioritize funding needs and deal with the underlying problems so these difficulties do not continue.
The watchwords for the new administration will be "prioritizing, accountability and streamlining," she told WVWI radio.

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The V.I. government is going to have problems meeting future payrolls, transition team members are saying.
Juel Molloy, transition team co-chair, said it appears that the only way payrolls for Dec. 31 and Jan. 14 can be met is to withhold vendor payments and delay income tax refunds.
The Office of Management and Budget has recommended securing a line of credit with a bank to ensure payrolls can be met, Molloy said.
"Absent that, we're anticipating major problems with the government being able to make payroll between now and March," she told the V.I. Independent.
Molloy said once the Turnbull-James administration takes office Jan. 4, the new governor will be able to prioritize funding needs and deal with the underlying problems so these difficulties do not continue.
The watchwords for the new administration will be "prioritizing, accountability and streamlining," she told WVWI radio.