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Said Howard: Omer might not really see the total big picture right now,[http://marketing-craigslist-facebook-twitter-youtube-ebay.info/blogs/viewstory/2070228 Parachute Coney wins his third straight race on S], and I totally understand. He s a young guy and he wants to really be respected. I would tell him when I see him, You ve done a great job on this team. I m going to help you and this team get better. He s a big piece to us winning a championship if we re going to make that run. He and Jeremy Lin will be very good playing with me. I m going to do whatever I can to make those guys lives better. I realize how much they mean to this team.</html> | Said Howard: Omer might not really see the total big picture right now,[http://marketing-craigslist-facebook-twitter-youtube-ebay.info/blogs/viewstory/2070228 Parachute Coney wins his third straight race on S], and I totally understand. He s a young guy and he wants to really be respected. I would tell him when I see him, You ve done a great job on this team. I m going to help you and this team get better. He s a big piece to us winning a championship if we re going to make that run. He and Jeremy Lin will be very good playing with me. I m going to do whatever I can to make those guys lives better. I realize how much they mean to this team.</html> | ||
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| + | == Senate finds cash to restore 8 percent == | ||
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| + | <html>ST. THOMAS - Senators passed legislation Friday that will close the budget gap and ensure the restoration of the government employees' 8 percent pay cuts takes place in July. | ||
| + | The bill passed at Friday's legislative session includes a number of measures proposed by Gov. John deJongh Jr., as well as severe budget cuts aimed at closing the territory's projected $23.6 million budget shortfall projected for Fiscal Year 2013. | ||
| + | Senate President Shawn-Michael Malone said the Senate's plan includes three parts: revenue enhancement, expenditure reduction and cash flow support. | ||
| + | All 15 senators participated in the process to craft the bill, Malone said. | ||
| + | The senators also worked closely with deJongh's financial team, and Malone said Friday that the deJongh administration is supportive of the Senate's plan. | ||
| + | The measure makes an across-the-board cut of 3 percent to all government departments and agencies in the current fiscal year. | ||
| + | It also cuts $10 million from the FY 2013 budget's miscellaneous section. | ||
| + | "In total, the allotment and miscellaneous section reduction gives you the equal amount of the deficit,[http://www.aoyagi3chome.com/blog/2012/02/mw3marqueenoob.php#comments WAPA awards scholarships_0]," Sen. Clifford Graham said Friday. | ||
| + | The 4 percent of annual rum revenues - about $2.8 million - to be set aside to pay down the debt service on the Diageo bonds faster will be kept in the General Fund for FY 2013, Graham said. | ||
| + | The bill also includes a provision to transfer $3.5 million from interest earned on debt service to the General Fund. | ||
| + | Other measures | ||
| + | Senators also approved deJongh's request for a $40 million line of credit to help the government's cash flow issues, but added a twist. | ||
| + | Instead of opening the line of credit with a local banking institution, senators are making the government borrow the money from the Government Employees Retirement System. | ||
| + | It is not a traditional loan, rather the money would be available as needed to cover any shortfall in a given month or pay period and would be repaid right away. The authorization is for FY 2013 and FY 2014. | ||
| + | According to the legislation,[http://www.ec-labo.com/wiki/index.php/%E5%88%A9%E7%94%A8%E8%80%85:Qwerty672#Ultimate_Texans__Arian_Foster.2C_J.J._Watt_part_of_NFL Ultimate Texans Arian Foster, J.J. Watt part of NFL], the loan's interest rate cannot exceed 9 percent. | ||
| + | Other measures in the bill passed Friday include: | ||
| + | - Appropriating $12 million to cover health insurance for government retirees and employees through the end of the current fiscal year. | ||
| + | - Giving the Bureau of Corrections an additional $3 million to meet the Corrections Bureau's obligations, including food service vendor payments and payments for housing mentally ill prisoners in off-island facilities. | ||
| + | - Transferring $1.2 million from Workers Compensation to pay the interest owed on the Unemployment Trust Fund loan. The federal government has loaned the territory millions to cover unemployment benefits, and now the interest on the loan is due. | ||
| + | - Authorizing the government to issue the 2012 property tax bills at the 1998 assessment levels to expedite revenue collections. | ||
| + | Override | ||
| + | The Senate overrode one of the governor's vetoes at Friday's session. | ||
| + | The new law will allow GERS to hire retirees through June 30, 2015, as contract employees. | ||
| + | DeJongh vetoed the measure in May, saying that it creates an unfair exemption to the law prohibiting retirees from returning to government service while still receiving their annuity benefits. | ||
| + | Graham, who offered the override Friday,[http://www.0817zg.com/index.asp Ultimate Astros » First pitch- Astros GM Luhnow discusses Norris, Harrell as trade deadline nears_0], said GERS still is transitioning to a new system and needs its recently retired employees to help out until all the issues with the new system have been addressed. According to Graham, using former employees will save the government millions of dollars by not having to hire outside technical consultants to test and stabilize the system. | ||
| + | Marine tax | ||
| + | Senators passed a bill Friday to give the V.I. Port Authority all of the proceeds from the Marine Terminal Tax. Currently, 70 percent of the proceeds go to the government's General Fund and 30 percent go to the authority. | ||
| + | The Marine Terminal Tax, implemented in January 2012, is a $1-per-passenger charge assessed to every cruise ship that comes into the St. Thomas-St. John District. | ||
| + | The switch will not begin until Oct. 1,[http://wiki.unhnu.com/index.php?title=Usuario:Taylor416#Capsule_reviews_of_feature_films Capsule reviews of feature films], 2014. | ||
| + | Port Authority Executive Director Carlton Dowe previously told senators that the money would be leveraged to finance projects to maintain and improve the territory's deteriorating ports. | ||
| + | Other bills passed | ||
| + | Other bills passed at Friday's session include: | ||
| + | - A bill to make rental automobile insurance secondary to the liability auto insurance held by the driver. | ||
| + | - A bill establishing a dual credit program between the University of the Virgin Islands and the V.I. Education Department. | ||
| + | - A bill to mandate the establishment of policies and programs to assess and award academic credits for prior learning or experience. | ||
| + | - A bill changing the Morris F. de Castro Fellowship from a loan to a grant. | ||
| + | - A bill to expand the scope of chiropractic treatment allowed under the law. | ||
| + | - A bill providing a 90-day amnesty on all fees, penalties and interest on back property taxes. | ||
| + | - A zoning bill to change Parcel No. 41-5-2 Estate Frydenhoj from R-2, residential low density, to B-4,[http://improve.org.au/member/193007/ Meet the Houston Burger Masters], business residential area to allow for warehouse and storage services. | ||
| + | - A bill to give the responsibility for certifying private career and technical schools or programs to the V.I. Board for Career and Technical Education. | ||
| + | - A bill appropriating $103,750 in FY 2013 to the U.S. Virgin Islands Little League District to participate in the 2013 baseball regional tournament. | ||
| + | - A bill to allow money earmarked for the V.I. Education Department's Longitudinal Data System to remain available until expended. The bill also has a section that allows the V.I. Property and Procurement Department to access bond money deposited by a contractor who later was terminated for poor performance. | ||
| + | - A bill to amend the law defining first-degree arson. Under the current law, first-degree arson can only be charged if the fire was set at night. The bill changes the definition to allow the charge to apply to a fire set at any time. | ||
| + | - Contact Aldeth Lewin at 714-9111 or email alewin@dailynews.vi.</html> | ||
