Tuesday, May 22, 2018

Puerto Rico government disburses $4 million among several municipalities

By on January 18, 2018

SAN JUAN – Gov. Ricardo Rosselló said Thursday that Puerto Rico’s Department of the Treasury disbursed $4 million to several municipalities.

“These funds disbursed by Treasury confirm our commitment to the municipalities, which are the first line of response to any emergency. We are aware of the needs that municipalities are going through after hurricanes Irma and María; this step seeks to support them and strengthen their recovery efforts,” the governor said in a written statement.

For his part, Treasury Secretary Raúl Maldonado indicated that “the $4,047,083.33 are disbursed as ordered by Joint Resolution No. 17 of August 13, 2017, to allocate to municipalities, agencies and public instrumentalities the amount of $11.5 million. In December 2017, the process began, delivering a portion of the money allocated.”

“During the next few days the delivery will be completed so the municipalities can continue with the purchase of equipment and the realization of needed improvements to provide a service of excellence to citizens,” the official said.

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On Dec. 18, $3,935,000 were disbursed according to Thursday’s release. Among the municipalities that have received the funds are Aguada, Aguadilla, Aguas Buenas, Arecibo, Barranquitas, Bayamón, Camuy, Cataño, Ceiba, Cidra, Florida, Juncos, Lares, Las Marías, Manatí, Mayagüez, Moca, Naguabo, Naranjito, Orocovis, Ponce, San Sebastián and Toa Baja.

The funds come from the special tax imposed on the extraordinary dividend of the Joint Underwriting Association.

Maldonado explained that he has met with different mayors to provide details about the disbursement process and in turn listen to the concerns they have about the financial situation of the municipalities.

Among the mayors who have spoken with the Treasury head are those of Aibonito, Arecibo, Caguas, Cayey, Cidra, Guaynabo, Manatí, Ponce, Toa Baja and Vieques.

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