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Governor Bryan Proposes Tax Hikes to Boost Economy

3/23/2025

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Summary

Story summary

Governor Albert Bryan Jr. unveiled bold policy changes at the 2025 Spring Revenue Estimating Conference, aiming to bolster the U.S. Virgin Islands' economy. He proposed increasing the Airbnb tax to 20% to combat housing shortages and introduced an internet sales tax to uplift local retailers. Bryan stressed the urgency of improved expense management in the face of rising costs and inflation.

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Story summary

Governor Albert Bryan Jr. unveiled bold policy changes at the 2025 Spring Revenue Estimating Conference, aiming to bolster the U.S. Virgin Islands' economy. He proposed increasing the Airbnb tax to 20% to combat housing shortages and introduced an internet sales tax to uplift local retailers. Bryan stressed the urgency of improved expense management in the face of rising costs and inflation.