All posts tagged "Fiscal Oversight & Management Board"
Fiscal board appeals Lex Claims ruling denying stay
SAN JUAN – The Financial Oversight and Management Board has appealed to the First Circuit Court of Appeals a lower court ruling that declined to stay the Lex Claims lawsuit, in which general obligation (GO) bondholders are...
- Posted March 6, 2017
[Editorial] When Steve Met Ricky
Gov. Ricardo Rosselló’s meeting with U.S. Treasury Secretary Steve Mnuchin last week, is part of a broader initiative pushed by Puerto Rico’s government as it enters a critical juncture in the Puerto Rico Oversight, Management & Economic...
- Posted March 2, 2017
Government to seek yet another extension to Promesa’s stay
SAN JUAN – The government’s representative before the financial control board, Elías Sánchez, will send a letter Thursday requesting the fiscal entity to ask Congress to amend the federal Promesa law to extend the stay on litigation...
- Posted March 1, 2017
Implementation of Prepa fiscal plan faces numerous challenges
Read the public power corporation's fiscal plan
- Posted February 21, 2017
Mayors Association warns of ‘precarious’ outlook with Rosselló’s fiscal plan
Foresees dismissals and less funding for health and school maintenance
- Posted February 16, 2017
PDP sen. scrutinizes ‘ruthless and insensitive’ fiscal board recommendations
Urged governor to stand for pensioners, health patients, and education
- Posted February 12, 2017
Behind the approval of the 4% preferential rate for doctors
If approved, doctors will pay less taxes than people earning less than $21K
- Posted February 10, 2017
Cidre: Statehood to win status referendum ‘by a landslide’
SAN JUAN – Although he affirmed he hadn’t decided which status formula he would vote for in the June 11 status plebiscite, former independent gubernatorial candidate Manuel Cidre declared Thursday that the statehood option would garner the most...
- Posted February 9, 2017
House Speaker: Fiscal Board intervention in Legislature ‘unnecessary’
SAN JUAN – House Speaker Carlos “Johnny” Méndez assured Monday that the Fiscal Oversight & Management Board doesn’t have inherence over the House of Representatives. Méndez emphasized that the Legislature has taken the necessary steps to reduce public...
- Posted February 6, 2017
Fiscal Board Committed to Puerto Rico’s Economic Development
SAN JUAN — Although the federal Promesa legislation doesn’t direct the Fiscal Oversight & Management Board to work on Puerto Rico’s economic development while it deals with the island’s debt restructuring process, Chairman José Carrión III assured...
- Posted February 6, 2017