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4.85 MB
Extraction Summary
4
People
16
Organizations
6
Locations
1
Events
3
Relationships
3
Quotes
Document Information
Type:
Newspaper article / clipping
File Size:
4.85 MB
Summary
This document is a newspaper clipping from The Virgin Islands Daily News dated July 29, 2013, detailing budget hearings for three USVI government agencies: the Bureau of Motor Vehicles, the Public Services Commission, and the Economic Development Authority (EDA). While Jeffrey Epstein is not explicitly named, the document is stamped 'HOUSE_OVERSIGHT_021722', indicating it is part of an investigation, likely regarding the EDA's tax incentive programs which benefited Epstein's companies. The article outlines budget requests, staff reductions, and financial statistics presented by agency directors Jerris Browne, Keithley Joseph, and Percival Clouden.
People (4)
| Name | Role | Context |
|---|---|---|
| Amanda Norris | Daily News Staff |
Author of the article.
|
| Jerris Browne | Director, Bureau of Motor Vehicles |
Defended the BMV budget request and testified about hiring plans and accomplishments.
|
| Keithley Joseph | Executive Director, Public Services Commission |
Testified regarding the PSC budget, revenue assessments, and mission.
|
| Percival Clouden | Chief Executive Officer, V.I. Economic Development Authority |
Requested General Fund appropriation and discussed federal matching funds and tax incentive programs.
|
Organizations (16)
| Name | Type | Context |
|---|---|---|
| Senate Finance Committee |
Heard testimony on fiscal year 2014 budgets.
|
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| Bureau of Motor Vehicles |
Defended budget request.
|
|
| Public Services Commission |
Defended budget request.
|
|
| V.I. Economic Development Authority |
Defended budget request; oversees tax incentive programs.
|
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| V.I. Water and Power Authority |
Regulated by PSC.
|
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| VITELCO |
Regulated by PSC.
|
|
| Innovative Cable |
Regulated by PSC.
|
|
| Varlack Ventures |
Regulated by PSC.
|
|
| Transportation Services |
Regulated by PSC.
|
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| V.I. Waste Management Authority |
Regulated by PSC.
|
|
| United States Department of Commerce Economic Development Administration |
Provided $2 million in grants.
|
|
| Daily News |
Publisher of the article.
|
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| Royal Caribbean |
Advertiser (Jewelry/Watches).
|
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| Silver Corner |
Advertiser (Jewelry).
|
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| St. Thomas Radiology Associates |
Advertiser.
|
|
| Six Fifteen Couture |
Advertiser.
|
Timeline (1 events)
Week of July 22, 2013
Senate Finance Committee budget hearings
St. Thomas
Locations (6)
| Location | Context |
|---|---|
|
Location of the budget hearings and various businesses.
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|
|
Jurisdiction of the government agencies.
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Drakes Passage, St. Thomas
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Location of Silver Corner.
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Locations of Royal Caribbean.
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Paragon Medical Building Suite 103
|
Location of St. Thomas Radiology Associates.
|
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East End Galleria, Red Hook
|
Location of Six Fifteen Couture.
|
Relationships (3)
Chief Executive Officer Percival Clouden
Bureau of Motor Vehicles Director Jerris Browne
Public Services Commission Executive Director Keithley Joseph
Key Quotes (3)
"The request is a 5 percent decrease, or $86,422, less than the 2013 appropriation."Source
HOUSE_OVERSIGHT_021722.jpg
Quote #1
"move from being a 'government organization that is reactive to a proactive public policy making agency with results-based management.'"Source
HOUSE_OVERSIGHT_021722.jpg
Quote #2
"additional money is needed to match federal funds for a small business incubator program, to institute a more aggressive marketing strategy for the Economic Development Commission's tax incentive program"Source
HOUSE_OVERSIGHT_021722.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (6,339 characters)
Monday, July 29, 2013
VIRGIN ISLANDS
The Virgin Islands Daily News 5
VIRGIN ISLANDS
The Virgin Islands Daily News 5
V.I. government agencies defend budget requests
By AMANDA NORRIS
Daily News Staff
Daily News Staff
ST. THOMAS — Last week, the Senate Finance Committee heard testimony on fiscal year 2014 budgets from the Bureau of Motor Vehicles, the Public Services Commission and the V.I. Economic Development Authority.
Bureau of Motor Vehicles
Bureau of Motor Vehicles Director Jerris Browne defended a General Fund appropriation of $1,642,010 as sufficient to meet the bureau's needs. The request is a 5 percent decrease, or $86,422, less than the 2013 appropriation.
Bureau of Motor Vehicles Director Jerris Browne defended a General Fund appropriation of $1,642,010 as sufficient to meet the bureau's needs. The request is a 5 percent decrease, or $86,422, less than the 2013 appropriation.
Eighty-eight percent will go toward personnel services and fringe benefits, and the budget will be supplemented by a projected income of $1 million from the bureau's revolving funds and another $643,854 from the personalized license plate fund, for a total operating budget of $3,285,864.
To meet fiscal constraints imposed by the governor's 5 percent cuts to most departments to balance the fiscal 2013 budget, the bureau eliminated two General Fund positions: an executive assistant and motor vehicle inspector, according to Browne's testimony.
The fiscal 2014 operating budget contains money for 52 positions, and to further meet fiscal obligations, the bureau intends to leave unfilled two more General Fund positions, according to Browne's testimony.
A critical hiring plan leaves room for five vacant positions to be filled, however, Browne testified.
The bureau's accomplishments for fiscal 2013 include: completing a REAL ID card concept design which allow for forensic analysis and provides specialized identifications to government employees; integrating facial recognition software, providing 24 hour access to the BMV database for law enforcement, installing additional security cameras and completing two grant packages for Division of Highway Safety awards totalling $730,000 to be used to fund the motorcycle safety education program and to accommodate online vehicle registration.
Public Services Commission
Public Services Commission Executive Director Keithley Joseph testified that it is the commission's mission's goal to move from being a "government organization that is reactive to a proactive public policy making agency with results-based management."
Public Services Commission Executive Director Keithley Joseph testified that it is the commission's mission's goal to move from being a "government organization that is reactive to a proactive public policy making agency with results-based management."
The Public Services Commission is primarily funded through assessments levied on the utilities it regulates.
Joseph testified that the fiscal 2014 budget request from the V.I. government for the commission would be $1,620,740. This represents an increase of $57,373, or 3.54 percent, from its fiscal 2013 revenue assessment of $1,563,367. Pursuant to Virgin Islands Code establishing the commission and stipulating that it be 100 percent funded by fees levied to the utilities it regulates, the commission's budget request reflects what it needs to maintain operations while it collects outstanding assessment from communications, water and electric, and public transportation companies, Joseph said.
The commission's uncollected revenues from fiscal 2013 are $384,630, according to Joseph's testimony.
It is anticipated that in fiscal 2014, the commission will collect a total of $1,620,739 from the V.I. Water and Power Authority; VITELCO, Innovative Cable, Varlack Ventures, Transportation Services and the V.I. Waste Management Authority, according to testimony.
A total of $1,081,113 will go toward "personal services and fringes," according to testimony.
V.I. Economic Development Authority
V.I. Economic Development Authority Chief Executive Officer Percival Clouden requested a General Fund appropriation of $5,043,274. This amount represents an increase of $325,574, or 6.9 percent over the fiscal 2013 appropriation.
V.I. Economic Development Authority Chief Executive Officer Percival Clouden requested a General Fund appropriation of $5,043,274. This amount represents an increase of $325,574, or 6.9 percent over the fiscal 2013 appropriation.
According to Clouden, the additional money is needed to match federal funds for a small business incubator program, to institute a more aggressive marketing strategy for the Economic Development Commission's tax incentive program and to enhance computer data analysis programs for the Economic Development Commission and the lending divisions, according to Clouden's testimony.
During fiscal 2013, the authority received $2 million in grants from the United States Department of Commerce Economic Development Administration to assist small and mid-size businesses in the territory. The authority also relocated its offices on St. Thomas, realizing a 20 percent savings rental costs, 48 percent in utilities and 15 percent in other related expenses, Clouden said.
Also during fiscal 2013, the authority realized a 4 percent increase in collections and saw a 37 percent decrease in the number of delinquent borrowers due to enhanced litigation efforts, Clouden said.
To date, the authority has approved $692,606 in new 2013 loans and collected $842,224 in outstanding accounts. The number of delinquent borrowers stands at 242, for a total of $7,470,534, according to Clouden's testimony.
— Contact Amanda Norris at 714-9104 or email anorris@dailynews.vi.
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HOUSE_OVERSIGHT_021722
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