Report: Sequester will cost V.I. $10.4 million
Published: March 1, 2013
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ST. THOMAS - Less than 24 hours before automatic federal spending cuts were to take effect today, the territory finally got a hard number of how much money the Virgin Islands will lose because of the sequester: more than $10 million.
Wharton Berger, director of the V.I. Bureau of Economic Research, brought a little more clarity to the issue with a teleconference Thursday, during which he provided information about which specific V.I. government agencies would be losing how much in federal grant money as long as the sequester remains in place.