The VI government is losing $25 million a month and long-delayed property tax revenues can't come soon enough.
So said Gov. John deJongh in his State of the (bankrupt?) Territory last night. he said the $800,000 a day operating deficit is due to the "global economic crisis" and that "our tax revenues fell by 30%."
The Inquiring Iguana can only nod and smile knowingly. "It's the islands," he thinks.
DeJongh said he is confident that "The judicial branch and the District Court has to come to an agreement soon" over the standstill on property tax collections. "Because, really, it's through taxes that the government operates." And when that day comes, be prepared.
"Several years of property taxes remain unpaid," deJongh reminded listeners. "Everyone knows that they will be due sooner or later."
The St. John Source said the audience's reaction to the Governor's speech was loud, enthusiastic and positive. sen. Craig Barshinger, the At Large Senator, and a St. John resident, was very pleased at word a Planner has been hired for his island. he said he is hopeful plans will go forward for a much-discussed parking garage for 300 vehicles in addition to the 150 spaces expected to be opened around the Enighed commercial port.
- Read the Gov.'s speech at http://www.governordejongh.com/news/speeches/2010/State-of-the-Territory-2010.html
- Reaction to the speech reported by the St. John Source at http://stjohnsource.com/content/news/local-news/2010/01/26/senators-delegate-respond-governors-state-address