Authority Projects $53.6 Million Balanced Budget With $3.5 Million Tip In Fees

The Committee on Budget, Appropriations and Finance of the Virgin Islands Legislature convened on July 21, 2025, to discuss the financial outlook and budgetary allocations for the upcoming fiscal year. The meeting focused on the authority's proposed balanced budget for 2026, which totals $53,619,240.

The budget is primarily funded through various sources, including $32,500,000 from the general fund, $5,000,000 from the anti-litter and beautification fund, and $1,000,000 from the tourism advertising revolving fund. Additionally, the authority has allocated $2.5 million for utility expenses and $1,800,000 for sewer wastewater funds.

A significant point of discussion was the authority's expectations regarding tipping fees. The authority anticipates generating $3,500,000 in tipping fees for the upcoming year. This is an increase from the $2,700,000 generated in 2024, with the year-to-date total for 2025 reaching $2,300,000 as of June. The current tipping fee stands at $7.75 per cubic yard, which equates to approximately $5.06 per ton, with one cubic yard being equivalent to 0.675 tons.

The meeting concluded with a review of the financial strategies in place to meet the projected revenue and expenses, ensuring the authority remains on track for a balanced budget in 2026. Further discussions will likely continue in subsequent meetings to refine these financial plans and address any emerging concerns.