TLC looking to become self-sufficient
According to the Taxi and Livery Commission’s Annual Report for 2023 which was released this week, the commission collected four thousand, three hundred and fifty dollars in revenue. This came from administrative penalties imposed through citations or tickets.
These funds were deposited into the consolidated fund as prescribed by the regulations.
Future revenue streams
The commission has proposed processing fees, sale of tariffs, sale of rule and regulation handbooks, and the new and replacements costs of taxi and livery motor vehicle registration plates and the taxi and livery permit fees as future revenue streams.
“The Commission envisions a launch of these proposals and other revenue initiatives as the Commission becomes statutory. They would then be on a path to self-sufficient financial support from the Central Government while maintaining a robust regulatory regime on behalf of the Government,” the report stated.
Currently the commission operates mostly independent of central government with its operations financed directly through the Ministry of Communications and Works’ budget. The cost of salaries, social contributions, goods and services amounting to one hundred, seventy-five thousand, five hundred and fifty-four dollars accounted for the commission’s expenditure in 2023.
“It must be noted that hidden costs are currently absorbed by the Department of Motor Vehicles, with which the Commission shares office accommodations, andby the Central Government for admin staff on loan,” the report stated.
The commission it added plays a crucial role in regulating the transportation-for-hire industry in the Virgin Islands and is working towards improving standards and addressing challenges in the sector.
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8 Responses to “TLC looking to become self-sufficient ”
Congratulations to it.
Perhaps the TLC can give lessons to other Govt and quasi Govt agencies.
Tell me out of all this extra non-sense to raise funds what is the benefit to the people?