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Territory’s FY2026 executive budget: proposed $936.4 million general fund, officials warn federal uncertainty could alter plans
Summary
The government’s financial team presented the proposed fiscal year 2026 executive budget on June 3, 2025, proposing a $936.4 million general fund and flagging large federal disaster grants, fiscal uncertainty from Washington and conservative revenue assumptions.
The Committee on Budget, Appropriations and Finance heard an overview of the Government of the U.S. Virgin Islands’ proposed fiscal year 2026 executive budget on June 3, 2025. Julio Reimer, director of the Office of Management and Budget, told the committee the proposal includes a general fund of $936,426,140 and takes a conservative approach because of federal and global uncertainties.
The budget matters because federal grant rules and disaster recovery funding will drive large swings in territory revenue and spending. “This is not a quick or easy process. It’s a marathon and not a sprint,” Julio Reimer said, urging caution as the territory calibrates revenues and allotments amid shifting federal rules.
Key projections in the administration’s presentation:…
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