Hovensa Closure on USVI: V.I. revenue loss through closure estimated at $60M
http://www.caribbeanpressreleases.com/articles/9079/1/Hovensa-Closure-on-USVI-VI-revenue-loss-through-closure-estimated-at-60M-/Page1.html
S Coward
By S Coward
Published on 22-Jan-12
St. Croix - Jan. 22, 2012 - As the V.I. government grapples with declining government
revenues, an estimated $67.5 million budget deficit and its own set of
layoffs, one fear is that the repercussions of HOVENSA's closure will
deepen the local recession by cutting off a large segment of government
revenue from the refinery and its employees.