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USE GAS TAXES IN A STRICTLY CONTROLLED TRUST

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There have been statements made recently by some of our politicians
and civil servants that the U.S. Treasury Department should return oil excise
taxes to the Virgin Islands government.
There have also been counter statements by others that the Virgin Islands needs the support of the federal government to pull itself out of a morass caused by local government waste and graft and shouldn't risk antagonizing the feds by demanding the oil excise tax returned.
The U.S. Department of the Interior, which is the government body that would be most likely to be involved in a federal takeover, has said that it does not want the responsibility of having to micro-manage the V.I. government.
I'd like to make the suggestion that rather than have the federal
government return the petroleum tax receipts without strict controls, it use them to set up a trust from which money could be used with consultation and a line item veto. Rather than use the funds to maintain the Virgin Islands government’s level of overstaffing they should be used for such priority purposes as adequately funding the V.I. Inspector General.
Then we should be spending on infrastructure development to boost the economic base of the islands.
I'm against using Great Pond Bay for industrial purposes and against Beal. The idea of putting a 320,000-square-foot building on 280 acres to employ a probable maximum of 30 locals and throwing in tax exemption is a travesty.
A Great Pond camp and oyster farm would create as much local employment. 320,000-square-foot of buildings at Bettys Hope to employ hundreds of people in transshipment as suggested by Prof. Kabuka is comprehensible and its not just make work. We should build it.
Richard Bond

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