Governor Ricardo Rosselló Pursues More Help from Congress Governor Ricardo Rosselló sent a letter to Congressional leaders requesting additional billions in federal funding. In the letter, the Governor listed his priorities for the lame-duck Congressional […]
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Tax Reform Goes to Governor’s Desk, FOB Objects to Provisions Governor Ricardo Rosselló has said he will sign a controversial tax reform legislation that passed the legislature without public hearings or debate. The Fiscal Oversight […]
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Governor, FOB Reach Budget Agreement; Legislature Still Not On Board The Governor and the Fiscal Oversight Board reached an agreement to resolve an impasse that threatened to further delay the budget process. The Governor agreed […]
Bondholders Reach Tentative Deal to Restructure Half of Puerto Rico’s Debt; FOB, Commonwealth Oppose Agreement but Fiscal Board Calls Framework “Step in the Right Direction” Groups holding up to half of Puerto Rico’s $70 billion […]
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More Questions Than Answers After Senate Energy Hearing The Senate Energy and Commerce Committee held a hearing on the path forward for Puerto Rico’s electricity grid, eight months after Hurricane Maria devastated the Island. Committee […]
Fiscal Plan Puts FOB on Collision Course with Governor Late last week the Fiscal Oversight Board approved 10-year fiscal plans for the Commonwealth, the Electric Power Authority (PREPA), the Aqueduct and Sewer Authority (PRASA), the […]
PREPA Privatization Hits a Snag Senate Special Committee on Energy Chairman Larry Seilhamer (NPP) said that the bill to privatize the Electric Power Authority (PREPA) would undergo changes. Seilhamer stated that the legislation will leave […]
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HUD Awards $18 Billion in CDBG Funds to the Island The US Department of Housing and Urban Development (HUD) announced it will award an additional $7.5 billion to Puerto Rico under the Community Development Block […]
PREPA Board Appoints New Executive Director PREPA appointed a new Executive Director, Walter M. Higgins III, who will come out of retirement to lead the utility starting this Sunday. Prior to retiring, Higgins lead the […]
Report: Government Awards $2 Billion in Contracts After Hurricane Maria; Half of Contracts were Unrelated to the Storm El Nuevo Día newspaper released a review of contracts awarded by the Commonwealth in the aftermath of Hurricane […]
