San Juan- “After completing a successful tax cycle, revenues at the close of April amount to $10,966.4 million, exceeding estimates through that date by $590 million,” Treasury Secretary Ángel Pantoja Rodríguez said in a written statement. April alone closed with net revenues of $1.945 billion, surpassing the monthly projection by $239.2 million, or 14.0%. Compared […]
In a pair of key legislative updates, the Financial Oversight and Management Board (FOMB) has given its preliminary blessing to two controversial legislative proposals. In letters sent on Thursday, June 4, 2026, to House Speaker Carlos “Johnny” Méndez Núñez, FOMB Executive Director Robert F. Mujica Jr. confirmed that both a sweeping overhaul of Puerto Rico’s […]
Agency inspectors will fan out across five regions to monitor emergency product pricing, availability, and labeling through June 6.
Banks Say Measure Threatens Credit Access and Investor Confidence in Puerto Rico A controversial Senate measure that would rewrite Puerto Rico’s rules governing negotiable instruments has triggered near‑unanimous opposition from the island’s financial sector, which warns the proposal would make Puerto Rico the only U.S. jurisdiction to impose such restrictions—potentially chilling investment and constraining access […]
Targets Major Efficiency Gains with Tech‑Heavy FY2027 Plan Puerto Rico’s push to digitize government operations is entering a new phase, and the fiscal 2027 budget request for the Iniciativa para la Desreglamentación y Eficiencia Administrativa (IDEA) offers a look at how the administration intends to reshape the island’s public‑services infrastructure. With roughly 75 percent of […]
Miami, EFE — Florida voters will decide in November whether to approve a sweeping reduction in property taxes on primary residences, after both chambers of the state legislature passed the measure Tuesday — a key priority of Gov. Ron DeSantis. The proposal, which requires the governor’s signature to be formally placed on the ballot, would raise […]
San Juan— Senate President Thomas Rivera Schatz said Tuesday there is no urgency to confirm an interim secretary or permanent replacement at the Department of Economic Development and Commerce (DDEC) following the resignation of Sebastián Negrón Reichard, adding that existing executive authority is sufficient to keep pending transactions moving. “Following the abrupt departure of Sebastián […]
Puerto Rico’s chronic shortage of new housing—and the soaring costs tied to building has revived calls for a targeted package of tax incentives aimed at jump‑starting residential construction, particularly for young professionals and middle‑income families. Carlos Fontán, a former head of tax incentives at the Department of Economic Development and Commerce (DDEC) and co-founder of […]
San Juan- The Financial Oversight and Management Board (FOMB) formally notified Governor Jenniffer González Colón on May 31, 2026, that the Puerto Rico Highways and Transportation Authority’s (HTA) proposed fiscal year 2027 budget does not comply with the agency’s Certified 2025 Fiscal Plan, invoking Section 202(c)(1)(B) of PROMESA. The letter, signed by Executive Director Robert […]
