All posts tagged "Fiscal Oversight & Management Board"

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  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
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  [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
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  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
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  Implementation of Prepa fiscal plan faces numerous challenges

  Read the public power corporation's fiscal plan

  • Posted February 21, 2017
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  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
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  PDP sen. scrutinizes ‘ruthless and insensitive’ fiscal board recommendations

  Urged governor to stand for pensioners, health patients, and education

  • Posted February 12, 2017
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  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
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  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
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  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
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  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