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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.
August 28 -
The Puerto Rico General Fund has paid out $1.5 billion on the bankruptcies after initial expectations were $370 million over nearly a decade.
August 24 -
José Pérez Riera will fill the post that has been vacant for over three years.
August 22 -
Peterson objected to the board's treatment of PREPA bondholders.
August 18 -
Following another court ruling on a 2022 labor law the Oversight Board rejected, Puerto Rico professors doubt the local government will operate more responsibly any time soon.
August 15 -
Economists remain guarded about the island's economic future.
August 8 -
The May economic activity index showed an increase.
July 11 -
The fiscal 2024 General Fund increases 2.5%
June 30 -
Puerto Rico must take additional steps to be able to regain market access, they said.
May 19 -
The exchange-traded fund — the first ever triple tax-exempt — will consist of 80% Puerto Rico bonds with the balance being U.S. Virgin Islands and Guam bonds.
May 18