With what I consider a crisis at WAPA, I am sure the issue of privatization will once again be on the table. It is probably under the table already! It's an option for the territory to consider before the islands are hit by a rolling blackout.
Congress could act to help ease the budget pain in the USVI. For example, it could reform Medicare and Medicaid to bring as much as an extra $100 million to the USVI every year. Whether it will act is the question.
The USVI faces a host of economic problems made significantly worse by the impact of two hurricanes. Highlighting the facts is not just wallowing in doom and gloom, but an important part of facing them and making wise decisions.
Early in 2017, the U.S. Virgin Islands was facing massive structural deficits, fast-rising debt, multiple ratings downgrades, an inability to borrow and no clear path to solvency. Hurricanes Irma and Maria have made the situation dramatically worse.
One potential revenue source for helping the government dig out from under its budget crisis is already here and ubiquitous – Cannabis. While opposition remains, the tide of public opinion is swinging towards legalization.
St. Croix organizations applied for millions of dollars more in funding than available from the V.I. Housing Finance Authority’s Community Development Block Grant at a virtual public hearing Monday night. #visource#usvi#news... See MoreSee Less
St. Croix organizations applied for millions of dollars more in funding than available from the V.I. Housing Finance Authority’s Community Development Block Grant at a virtual public hearing Monday ...
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