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Opposition legislators have renewed their offer of assistance to Premier Wayne Panton and his administration as Cayman navigates the reemergence of COVID-19.
Opposition Leader Roy McTaggart has reversed his opinion on reopening Cayman’s borders, claiming conditions had changed.
Financial secretary Kenneth Jefferson explained the $50 million gap between the 2020 budget deficit estimates of the former and the new government in Public Accounts Committee on Tuesday.
The first hearing of the new Public Accounts Committee has been deferred for one week to allow Ministry of Finance staff to complete their work on the PACT government's inaugural strategic policy statement, PAC chairman Roy McTaggart has said.
Leader of the Opposition Roy McTaggart has been named chairman of the Public Accounts Committee.
Cayman's new government, led by Premier Wayne Panton, has called for a 'country first' approach as the island's 19 elected MPs leave what has been a gruelling political contest behind.
Progressives leader Roy McTaggart has said talks to form a government are still very much on as he continues to negotiate with independent members.
By Friday evening, neither Roy McTaggart's Progressives-led alliance nor Wayne Panton's coalition of independents had a clear majority of 10 MP-elects necessary to form a new government.
When is the race to form a government finalised? We answer some of the key questions surrounding how a government is formed and Premier appointed.
Wayne Panton and Chris Saunders have emerged as two of the most likely leaders of a coalition of independent candidates if government is defeated at the polls next week.
Candidates for George Town East, Roy McTaggart, Emily DeCou, Frank McField, Christina Hislop Rowlandson, and Richard Bernard join Crosstalk host Barrie Quappe to debate the issues affecting their district.
Compass Editor Kevin Morales shares the week's top headlines from the Cayman Islands. First, cruise tourism will not return to Cayman until 2021. Then, the Pan-American Health Organization changes Cayman’s COVID-19 transmission level from ‘sporadic’ to ‘no cases’.
The Domestic Partnership Bill’s defeat in the Legislative Assembly on Wednesday may have shown a divided legislature, but Finance Minister Roy McTaggart said that is where the division ends.
Water service has been restored to all customers across Grand Cayman.
Circulation of a new commemorative Cayman Islands $1 note is set to begin this week.
Finance Minister Roy McTaggart presented a two-year budget on Friday that will exceed $1.6 billion in government revenue and not require new debt nor impose new taxes and fees on the public.
Government is turning to local banks with the hope of securing a $153 million loan to help pay off its $261 million bullet bond which is due to be repaid in full in November this year.
Government continued to raise higher than expected revenues in the second quarter of 2019, which produced a 65% larger than budgeted surplus for the public sector.
A new luxury development, Diamond’s Edge, formally opened its gates this month with an event at a marquee on site at the shores of North Sound.
The government has approved more than $1.6 million in additional funding for its Housing Repairs Assistance Programme.
The Cayman Islands Chamber of Commerce in partnership with the Ministry of Finance & Economic Development will host the 2019 Chamber of Commerce Economic Forum at the Kimpton Seafire Resort + Spa on Friday, 31 May.
The public sector’s $216.8 million budget surplus in the first quarter of 2019 was $44.4 million higher than estimated, the Ministry of Finance said on Friday.
If anything, we would take comfort in seeing our elected officials express a bit of alarm when discussing these issues, if only to signal that they understand the gravity of the situation.
A valuation report on the territory’s public pensions calls for government to spend more than $368 million over the next 20 years – more than $18.4 million annually – to address the pensions’ combined funding shortfall of $197.2 million.
Legislators’ narrow vote to provide supplementary funding for the Utilities Regulation and Competition Office this month should be a wake-up call for Cayman’s troubled super-regulator.
Cayman’s economy will fare well, unemployment will be below 4%, there will be significant budget surpluses and no new fees or taxes for consumers and businesses from 2020 to 2022. At least, that is the view of government’s Strategic Policy Statement.
Government will spend roughly an additional $92 million this year after lawmakers approved a raft of extra expenditures during three days of Finance Committee hearings that started Friday and wrapped up Tuesday.
Cayman Islands legislators unanimously backed a private members’ motion last week supporting government to appeal the decision by the chief justice that legalised same-sex marriage to the “full extent of the appeals process”.
Government will present the broad strokes of its budget plan for 2020 and 2021 during the next session of the Legislative Assembly.
The government will extend its reduced 15 percent import duty on building materials imported to Grand Cayman through Dec. 31, 2019.
The Cayman Islands government has taken in more money than budgeted in the first nine months of 2018. The unaudited financial results for the public sector for the first three quarters show an overall surplus of $183.3 million, almost double the $92.6 million surplus budgeted for this point of the year.
Minister of Finance Roy McTaggart said the latest government credit rating of the Cayman Islands reflected “confidence in our country’s economic, fiscal and institutional strengths,” when he presented the assessment by rating agency Moody’s in the Legislative Assembly last week.
Total employment in Cayman grew last year, but the number of women with jobs declined by some 800 people, leading to the female unemployment rate rising from 3.5 percent in 2016 to 5.5 percent in 2017.
A charge of careless driving against Finance Minister Roy McTaggart was dismissed in Traffic Court on Thursday after the Crown offered no evidence.
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.
Higher-than-expected earnings related to land transfers and vehicle/petrol imports boosted the Cayman Islands government’s earnings during the budget period that will end Dec. 31, Finance Minister Roy McTaggart said Friday.
Plans for an influx of 75 new police officers, a $9.6 million cash injection for education and funding for a series of major infrastructure projects were among the key commitments announced in the Cayman Islands government’s budget presentation Friday.
For Finance Minister Roy McTaggart, work on the government’s budget began almost immediately after the May election.
Construction is set to begin Monday on the Periwinkle housing development, a project in Grand Harbour that aims to be Cayman’s first LEED (Leadership in Energy and Environmental Design)-certified community. Developers pegged the cost of the project at $80 million.
The Cayman Islands government plans to pay off more than half of its existing $500 million public debt within the next three years, according to budget documents released last week.
Cayman Islands residents will get their first look at the new national unity government’s long-term plans next week as the Legislative Assembly resumes meeting. The government plans to produce its strategic policy statement for the 2018/19 budget on Wednesday.
The Cayman Islands government will announce its budget plans in the midst of hurricane season this year, changing to a two-year budget cycle approved by the previous administration.
The Cayman delegation to London met on Thursday with Miriam Sachak, head of the Foreign and Commonwealth Office’s Economics and Financial team, to discuss the island’s finances.
Leaders from 10 British Overseas Territories, including Cayman, met with U.K. ministers in London on Wednesday to discuss Brexit negotiations. All attendees in Wednesday’s meeting were briefed on developments and preparations for talks with the EU.
Cayman Islands Premier Alden McLaughlin told a group of U.K. lawmakers Monday that his newly formed unity government would focus on improving social issues during its four-year term, with the British territory now in a “good economic position.”
Chrissie Tomlinson Memorial Hospital founder Dr. Steve Tomlinson contributed more than $194,000 to 10 political candidates during the final eight weeks of Cayman’s 2017 general election campaign.
The Progressives-led coalition government has divided responsibilities for law enforcement agencies among government ministries, one led by the premier and the other by Minister Tara Rivers.
A coalition of 13 elected members of the Cayman Islands Legislative Assembly was sworn in Wednesday in downtown George Town, bringing an end to the political scramble that followed the territory’s May 24 general election.
The Cayman Islands new coalition government will have at least 13 members, possibly as many as 15, by the time it is sworn in Wednesday morning.
As voters made their way to the polls Wednesday, candidates expressed mixed feelings about the new “one man, one vote” electoral system.
Increasing concern about serious crime and illegal firearms marked the opening discussion at a debate among George Town East candidates on Monday night.
Five candidates discussed work permits, employment and education, among other topics, at another in a series of national debates Monday night at the Arts and Recreation Centre in Camana Bay.
Roy McTaggart is a Progressives candidate for George Town East.
Returning officers will hear candidate nominations between 8 a.m. and 3 p.m. today. Cayman Compass reporters will submit updates on location from the country's 19 nominating locations as they develop. — Ed.
One long Cayman Islands political career came to an end Monday night, while another lengthy one continued and a fledgling career was seemingly cut short, as candidate nomination day loomed for general election candidates.
The opposition Democratic Party will field at least 10 party candidates, in addition to supporting some independents for the upcoming election. One of those CDP candidates is Denniston Tibbetts, the older brother of Progressives party founder and former leader, Kurt Tibbetts.
The Ministry of Health and Culture is inviting the public to comment on a draft plan intended to protect and promote Caymanian culture.
Cabinet announced Thursday that it would not increase the minimum fees that health insurance companies pay for procedures after fewer than 10 doctors responded to government requests for financial information. A consultant’s report on healthcare costs recommended fees paid by insurance companies be increased by 12.3%.
Defendant Christine Rae-Smith told the court on Monday that she did not help plan the armed robbery of a George Town beauty salon last year, saying instead she was one of the victims.
The National Gallery of the Cayman Islands hosted the 27th Annual Conference and Annual General Meeting of the Museums Association of the Caribbean this week, welcoming delegates from across the Caribbean, U.K., Canada and the U.S.
A new helipad at the Brac’s Faith Hospital is providing the island with a much needed dedicated emergency landing site. At an opening ceremony held on Monday, Oct. 3, visiting U.K. Overseas Territories Minister, Baroness Joyce Anelay, and Governor Helen Kilpatrick cut the ribbon on the hospital’s new emergency helipad.
Lawmakers spent most of the day Oct. 6 debating whether the Cayman Islands should hold a public referendum on allowing same-sex marriage in the territory. The referendum motion failed by a 9-to-8 party line vote. Below are excerpts from the debate from each legislator who spoke in the debate.
Four senior medical and civil service officials will be placed on the Health Services Authority board of directors in order to “help avoid the mistakes of the past,” according to Health Ministry Councilor Roy McTaggart.
Nominations are now open for the 2017 National Heroes Day Awards. The awards will pay tribute to pioneers in tourism, honoring those who have made significant contributions to the past and ongoing development in the field in the Cayman Islands.
“Politics stops at the water’s edge” is the now-famous saying by Arthur Vandenburg, the former Republican chairman of the Senate Foreign Relations Committee, who called for a stop to partisan politics when international relations were concerned.
A former office worker for two George Town MLAs won a $2,632 award earlier this month for unfair dismissal from her job, according to documents obtained from Cayman’s Labour Tribunal.
With just nine members on the ruling government bench, the Progressives-led coalition was left to consider this week whether it would seek to muddle through the next 14 months via the slimmest of majorities or call for elections ahead of the usual May 2017 date.
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