The economic slump is hitting the islands hard, to judge by the Department of Tourism’s budget estimates for the next year. DOT has told the VI Senate it needs $4.38 million, half of which is for personnel. None of it is for advertising and marketing the islands.
“Fringe benefits” add another $727,252 in costs, according to a report by the Virgin Islands Daily News. (Read the full story here.)
The Inquiring Iguana thinks this is wacky, at least. Fringe benefits add another 36% to costs. Must be one hell of a company picnic. Some researchers say 11% is more the norm.
But, back to business. Tourism said it expects to receive $13.6 million from the Revolving Fund. That comes from the 8% Hotel Tax you pay when you stay on St. John. Commissioner Beverly Nicholson-Doty told the Senators her department expects 30% less marketing dollars as a result of fewer visitors. She said she’ll have to be more “savvy and efficient.”
Anyone doubt that. despite this, the police will still get new SUVs?