Virgin Islands

Virgin Islands

Budget Cycle

Date Budget Introduced
Fiscal Year Begins
October 1
Governor Signs Budget 

Prior Years

FY2025 (proposed)
FY2024 (proposed)
FY2022 (proposed)
FY2021 (enacted)
FY2021 (proposed)
FY2020 (enacted)

Proposed Budget - Fiscal Year 2025
On May 30, United States Virgin Islands Governor Albert Bryan, Jr. released his recommended budget for fiscal year 2025. The recommended operating budget totals $1.44 billion. The proposal calls for $896.8 million of general fund appropriations, a reduction of 7.1 percent from fiscal 2024. Total net general fund revenues for fiscal 2025 are projected at $897 million, a 2.9 percent increase from fiscal 2024. The proposed budget makes a $5 million contribution to the Budget Stabilization Fund.

Proposed Budget Highlights 

The proposed fiscal 2025 budget continues a conservative approach to controlling government expenditures while still providing adequate funding for all essential government obligations. The proposed budget includes the following recommendations: 

  • $1 million increase to the Gov. Juan F Luis Hospital.
  • $1 million increase to the Scheider Regional Medical Center. 
  • $1.4 million increase to the Virgin Islands Management Authority to guarantee that vital utilities are adequately budgeted for and so they can continue to meet the needs of residents. 
  • $5 million for road repairs territory-wide to enhance transportation infrastructure and promote economic development. 
    Funding for the Department of Sports, Parks, and Recreation’s Clinton E. Phipps Racetrack operations. 
  • Allocates funds for the Virgin Islands Police Department’s Executive Security Unit.  

Proposed Budget Links

Fiscal Year 2025 Proposed Budget