Name: Roy McTaggart
District: George Town East
CANDIDATE IN THE NEWS
The trial of Finance Minister Roy Michael McTaggart on a charge of careless driving did not proceed as scheduled last Thursday. A new trial date of June 14 was set, with a file note that it might not proceed.
No deal has been reached on a proposal to make Cayman Islands civil servants pay for a portion of their healthcare premiums, despite claims by the previous government administration that such a move would be imperative in balancing upcoming budgets.
Developers in Cayman are getting an early Christmas present. Government announced on Dec. 1 that it is extending its reduced duty rate on imported building materials for another year.
The Cayman Islands Legislative Assembly unanimously approved a two-year spending plan Wednesday that includes nearly $2 billion in anticipated revenues and just more than $1.8 billion in public sector expenditures during 2018 and 2019.
Cayman Islands Finance Minister Roy McTaggart on Monday rejected opposition lawmakers’ claims that a $135 million, two-year projected budget surplus was a “duppy” (ghost) and that his government’s budget did little to help the ordinary Caymanian.
The “cost” of the Cayman Islands government’s debt, what it either has already paid or is due to repay in interest and principal amounts between July 2015 and December 2019, is more than $443 million, according to a review of publicly available budget records.