Puerto Rico Public Buildings Authority

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.

But it still remains slightly higher than it was a year ago.

The board says the law will reduce economic activity and government revenues.

Although he called them "excessive and arbitrary," Gov. Pedro Pierluisi agreed to create a reserve fund, reduce the maximum conservation easement tax credit, and freeze implementation of a physician tax incentive.

Revenues were 14.4% higher than those in the previous fiscal year.

The Oversight Board told Gov. Pedro Pierluisi he must take steps to make sure it's revenue neutral or it could block the new tax.

While a smaller population could be economically negative, the revised count lowers the median age, which would be positive.

The indictment of Wanda Vázquez is the latest in a series of corruption charges against Puerto Rico politicians over the last 18 months.

Revenues for the first 11 months of the fiscal year outpaced the Oversight Board's 12-month expectations.

Several U.S.-based Puerto Rican diaspora groups call for full debate of the proposed status plebiscite and possible amendments to it.