Senators hear overview of FY 2013 budget
Published: July 7, 2012
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Daily News Photo by AISHA-ZAKIYA BOYD Delbert Hewitt, chief of operations for the Office of the Lt. Governor, left, and Department of Finance Commissioner Angel E. Dawson, Jr., testify before senators on Friday at Ottley Legislative Hall on St. Thomas.
ST. THOMAS - Gov. John deJongh Jr.'s financial team told senators Friday that the territory's $1.1 billion Fiscal Year 2013 budget is balanced by reducing departmental budgets, collecting two years of property taxes and borrowing $60 million.
The team was in the Senate on Friday to give an overview of the proposed budget, the territory's economic outlook and the revenue projections for the coming year.
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