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.