SENATOR NOVELLE E. FRANCIS, JR. 
36TH LEGISLATURE OF THE VIRGIN ISLANDS  
Chairman, Committee on Budget, Appropriations and Finance 
 
REVISED 
 
Memorandum No. 25-0023 
 
To: 
 
Committee on Budget, Appropriations and Finance Members 
 
 
The Honorable Marvin A. Blyden, Vice-Chairman 
 
 
The Honorable Dwayne M. DeGraff 
 
 
The Honorable Ray Fonseca 
 
 
The Honorable Hubert L. Frederick 
 
 
The Honorable Marise C. James 
 
 
The Honorable Kurt A. Vialet 
From:  
The Honorable Novelle E. Francis, Jr. 
 
 
 
Chairman, Committee on Budget, Appropriations and Finance 
 
Date:  
May 27, 2025 
 
Re: 
June 3, 2025 Committee on Budget, Appropriations and Finance Meeting  
(Budget Overview) 
 
The Committee on Budget, Appropriations and Finance will meet on Tuesday, June 3, 2025, 
12:00 P.M. in the Earle B. Ottley Legislative Hall on St. Thomas to receive testimony from the 
Government’s Financial Team on the Fiscal Year 2026 Executive Budget for the Government of 
the US Virgin Islands to include: 
 
 Fiscal year 2025 budget appropriations vs. revenue collections to date; 
 Total allotments to date; 
 Projected revenues through September 30, 2025 and proposed adjustments due to 
revenue shortfalls if any; 
 Status of union negotiations; 
 Status of outstanding payments due to vendors for FY 2025; 
 Property taxes; 
 Line of Credit; 
 The Budget Stabilization Fund; 
 Cash on hand; 
 Federal drawdowns and status of federal grants to include FEMA, ARPA and CARES 
 
Invited Testifiers: 
The Honorable Kevin McCurdy, Commissioner, VI Department of Finance 
Mr. Julio Rhymer, Director, Office of Management and Budget 
Mr. Joel Lee, Director, VI Bureau of Internal Revenue 
Mr. Brent Leerdam, Tax Collector, Office of the Lt. Governor 
Mr. Ludence Romney, Tax Assessor, Office of the Lt. Governor 
Ms. Joss Springette, Esq., Chief Negotiator, Office of Collective Bargaining 
Ms. Cindy L. Richardson, Director, Division of Personnel 
Ms. Adrienne Williams-Octalien, Director, Office of Disaster Recovery 
Dr. Haldane Davies, Director, Bureau of Economic Research