Puerto Rico Public Buildings Authority

Some analysts question how much a leftist governor would impact financial and bond issues.

Oversight Board Executive Director Robert Mujica said the only recently released fiscal 2022 ACFR showed revenues and expenditures continue to be imbalanced.

Oversight Board asks Gov. Pierluisi not to sign a bill it says would cost $3 billion over five years.

But a change in how foreign corporations are taxed brought down total revenue for the year.

In direct costs to the budget, the proposal would cost Puerto Rico revenues $153.2 million of individual taxes and $283.6 million of corporate taxes per year, according to the governor. The Oversight Board disagrees.

Included in the plan is a $545 million for a loan to the Puerto Rico Electric Power Authority and more money for the government's emergency reserve.

The U.S. Supreme Court ruled against a journalist group seeking the release of a wide range of Puerto Rico Oversight Board information, which may have had an impact on the PREPA bankruptcy proceedings.

In his annual address to Puerto Rico's legislature Pedro Pierluisi hailed the growth of Puerto Rico's economy.

The governor asked the high court to review a ruling that gave the board broad power to overturn laws it deems inconsistent with the island's fiscal health.

The ruling could set a precedent for the board's control over local government policies affecting the economy.

They also came in 14% higher than those of December 2021.

Revenue were better than projected despite the Treasury Department postponing deadlines for certain taxes.

While the bill has wide support in the Puerto Rico House of Representatives, the Oversight Board has yet to offer its opinion.

The Oversight Board seeks to recover $1.42 billion in fees on bond deals and interest rate swaps.

Net revenues for September and October came in 12.3% above budgeted projections.

Sixteen Republicans joined all Democrats to vote in favor of the binding plebiscite.

At stake was the treatment of nearly $1 billion of Puerto Rico bonds and notes.

Had the teachers' challenge succeeded, the cost to Puerto Rico could have been $1 billion. A challenge to the plan from credit unions is before the First Circuit Court of Appeals.

The Puerto Rico Oversight Board is seeking the return of fees connected with Puerto Rico bonds and swaps.

The statement could be interpreted as also suggesting a restructuring of $242 million in bonds.