01-14-2026 Committee on Economic Development and Agriculture

Committee on Economic Development and Agriculture · January 15, 2026

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58:21

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15:00

30:00

45:00

58:21

Call to order

32:05 → 32:18(13s)

Senator Hubert L. Frederick called the committee to order and offered a brief greeting to attendees and viewers. He opened the first meeting of the committee for 2026.

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The Senate Committee on Economic Development and Agriculture heard testimony from the West Indian Company Limited (WICO) on Jan. 14, 2026, covering leadership changes, 2025 cruise performance, revenue and expense figures, and an outstanding payment-in-lieu-of-taxes (PILOT) liability. Committee members began a seven-minute round of questioning focused on the PILOT formula and options to address the $11.8 million liability.

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Transcript

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