Tuesday, January 26, 2021

Mayors Association retaliates against Rosselló administration

By on January 30, 2017

SAN JUAN – Gov. Ricardo Rosselló’s administration intends to use more than $1 billion from the Municipal Revenue Collections Center (CRIM by its Spanish acronym) to pay for creditors or designated essential services, Mayors Association President Rolando Ortiz Velázquez denounced Monday.

“Rosselló’s government is behind a plan to pay bondholders using municipal governments. We do not rule out that they may want to use CRIM money to pay bondholders,” Ortiz Velázquez said in a press conference.

Puerto Rico Mayors Association. (CyberNews Photo)

Puerto Rico Mayors Association. (CyberNews Photo)

The Cayey mayor mentioned that the CRIM currently has accounts receivable of $2 billion. That account could be sold and recover 50%, or $1 billion. In addition, from the money that the mayor-governed entity collects monthly, there are an estimated additional $200 million to $300 million, and Ortiz Velázquez believes that Rosselló’s administration wants to get a hold of it by changing the composition of the CRIM’s board.

“There is a clear violation of the rights of the people who live in these municipalities, and we will invoke those rights in state or federal court,” he affirmed.

See also: Senate approves CRIM Law amendment, NPP to control Governing Board

Last week the Legislature approved amendments to the CRIM Law, so the New Progressive Party (NPP) has the majority of mayors on its board and thus, the entity’s presidency.

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