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Internal Revenue Bureau seeks $14.06M for FY2026 as collections rise to $599M through May

3754616 · June 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Director Joel Ailey told the budget committee the Internal Revenue Bureau's FY2026 request is $14,060,535. The bureau reported year‑to‑date collections up vs. the prior year and highlighted new online filing and an ongoing refunds backlog.

Joel Ailey, director of the Bureau of Internal Revenue, presented a $14,060,535 FY2026 operating budget to the legislature on June 10, 2025. The request is fully funded from the general fund and is centered on personnel: 133 positions (89 St. Thomas, 43 St. Croix, 1 St. John) and related fringe costs.

Collections and refunds Ailey reported collections of approximately $599 million for October–May (compared with $566 million for the same period the prior fiscal year). He attributed increases in part to national economic activity and stronger enforcement steps. The bureau said it has paid $34.9 million in refunds this fiscal year and had about $42…

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