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Charlotte Amalie
Thursday, February 27, 2020

Story Series

USVI revenues sources 2004-2016

The V.I. Budget Crisis: Part 2, The Hovensa Effect

After several years of annual losses approaching half a billion dollars, Hovensa closed in 2012. The data shows the loss of revenues from the worldwide recession and the Hovensa closure are the largest culprits in the territory's structural deficits.
(Image from Alabama Public Radio)

The V.I. Budget Crisis: How Did We Get Here, How Do We Get Out?

In the first part of a series on the V.I. budget crisis, Source reporter Bill Kossler looks at the factors that led the territory's government to a crossroads.

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You can now catch the Virgin Island Source's top headlines in a daily news brief that appears multiple times per day on the USVI's NBC and Fox TV channels. If interested in sponsoring these briefs and having your business or organization's ad reach audiences throughout the USVI, please contact [email protected] or call 340-228-8784. #news #visource #advertising ... See MoreSee Less

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