Concerns over delayed reimbursements and pension payments for Virgin Islands National Guard members dominated discussions at the June 3, 2025, meeting of the Committee on Budget, Appropriations, and Finance. Legislators expressed frustration over a lag in reimbursement processes, which can extend up to six weeks or longer. This delay is particularly troubling for service members who rely on timely payments, especially as many are in a critical financial window before qualifying for federal pensions.
Senator Maurice James highlighted the urgency of the situation, emphasizing that those in the reimbursement office are well-compensated and should be held accountable for improving efficiency. "The expectation is when you're paid well, you do well by the people of the Virgin Islands," he stated, urging for a resolution to expedite the reimbursement process.
Additionally, the committee discussed the potential financial impact of uncollected gross receipts taxes. Estimates suggest that the territory could be missing out on significant revenue, potentially exceeding $100 million, due to inefficiencies in capturing funds from architectural and engineering firms. This figure could grow even larger when considering the compounding effects of spending.
The meeting also touched on the importance of coordinating efforts between education and employment sectors to address the local labor shortage. Legislators called for better data on student employment post-graduation to ensure that the workforce is adequately prepared to meet the territory's needs.
As the committee continues to address these pressing issues, the focus remains on improving financial processes and enhancing workforce development to support the Virgin Islands' economy.