POLICY NOTES

I had lunch a few weeks ago with the President of the STX hospital and the Hospital Board Chair from STX. ​ I asked what their plan was for our well documented medical issues. ​ They said they had no plan, but were in the process of contracting a consultant to come up with a plan! ​ They also said they recently asked for additional funding from the Senate and the Governor but were turned down. ​ The situation is desperate and will continue to deteriorate for the indefinite fu

Warren Mosler's response to the article: Fonseca, Plaskett seek emergency declaration for WAPA; Roach disagrees, Gittens wants audit results ​​ They don't have a full understanding of the WAPA problem which precludes a constructive solution. First, lowering the cost of power generation isn't going to reduce WAPA bills. It will only reduce the size of the USVI gov subsidy that covers WAPA's losses. The total cost of generation was reported to be .65/kw. WAPA charges only .43/k