Governor Bryan submits $958.2 million FY 2027 executive budget to US Virgin Islands legislature
Governor Albert Bryan Jr. (D) submitted the Bryan-Roach Administration’s proposed Fiscal Year 2027 Executive Budget to the 36th Legislature of the United States Virgin Islands, presenting a $958.2 million General Fund spending plan focused on infrastructure, recreation, housing, fiscal stability, and long-term economic growth.
The budget, themed “Investing Today for the Communities of Tomorrow: Infrastructure, Recreation and Housing,” represents the final executive budget submission of the Bryan-Roach Administration.
“As we submit the final Executive Budget of the Bryan-Roach Administration, we do so with confidence in the progress we have made and with a clear vision for the work still ahead,” Bryan said. “This budget extends a legacy of responsible fiscal management, accurate revenue forecasting, smarter government operations, and the continued reduction of longstanding government debt.”
The proposed budget anticipates increased collections across five major revenue categories: personal income taxes, gross receipts taxes, excise taxes, property taxes, and corporate taxes. The administration attributed that projected growth to continued strength in tourism, recovery and mitigation construction, housing development, private investment, and broader economic activity throughout the territory.
“In plain language, the Virgin Islands economy is growing,” Bryan said. “Our tourism product is expanding, private investment is increasing, recovery work is moving forward, and our budget reflects a territory preparing for the future instead of merely reacting to the present.”
The administration pointed to recent economic development announcements, including expanded airlift and new hotel development projects, as signs of growing investor confidence. Increased airlift is expected to bring more visitors and business activity, particularly to St. Croix, while new hospitality investments are expected to create jobs, generate revenue, and support infrastructure development.
The FY 2027 budget includes a proposed $5 million contribution to the Budget Stabilization Fund, which the administration said would strengthen the government’s ability to respond to future financial challenges without compromising essential services.
Julio Rhymer, director of the Office of Management and Budget, is expected to present additional details on the administration’s revenue assumptions, expenditure priorities, and fiscal strategies during upcoming budget hearings before the Legislature.
