The US Virgin Islands Calls Its Finances Precarious as Tax Take Falls

Individual income-tax collections fell US$31.7 million as a US$1.64 billion budget advances and a credit line is already heavily drawn.

The US Virgin Islands has described its finances as precarious as income-tax revenue slides. Individual income-tax collections fell to US$403 million in the 2026 fiscal year, from US$434.7 million, a drop of US$31.7 million, according to the territory's Legislature Budget Committee.

A proposed US$1.64 billion budget for fiscal 2027 is advancing even as the territory has already drawn US$124.78 million of a US$150 million credit line. It is a northern-territory fiscal-stress signal set against slow recovery spending, and it stands in contrast to the record visitor numbers the islands have reported this year.

Source: VI Consortium (September 22, 2026), citing the Virgin Islands Legislature Budget Committee.