Thursday, March 23, 2023

Fiscal Plans Approved Without Gov’t Input

By on May 28, 2022

Marrero Criticizes ‘Micromanagement,’ Town Funding

Secretary of State and ex-officio board member Omar Marrero

Puerto Rico’s Financial Oversight and Management Board (FOMB) approved during a meeting last week the 2022 fiscal plans for five commonwealth entities while efforts continued to reach an agreement between the panel, as the administration of Gov. Pedro Pierluisi stressed that it had not received the plans.

During its 35th public meeting last Friday, the oversight board approved the latest fiscal plans for the Puerto Rico Aqueduct & Sewer Authority (Prasa), the Puerto Rico Industrial Development Co., the Municipal Revenues Collection Center (CRIM), the Cooperatives Supervision & Insurance Corp. and the Puerto Rico Sales Tax Financing Corp. (Cofina).

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