Thursday, August 16, 2018

Puerto Rico fiscal board postpones certification of Commonwealth, Prepa and Prasa’s revised fiscal plans

By on March 23, 2018

SAN JUAN – The Financial Oversight and Management Board for Puerto Rico said Friday that it has postponed the certification of the commonwealth’s fiscal plan, as well
as those of the Puerto Rico Electric Power Authority (Prepa) and the Puerto Rico Aqueduct and Sewer Authority (Prasa) “until a later date.”

The revised fiscal plans were originally scheduled to be certified during the board’s 12th public meeting—and seventh to be held on the island—on Monday, March 26 at the Puerto Rico Convention Center in San Juan.

The board said it continues to work with the government of Puerto Rico on the fiscal plans and will announce a “new certification date as soon as practicable.” A new meeting date has yet to be announced.

Puerto Rico fiscal plan includes substantial public payroll cut

 

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