Puerto Rico Sales Tax Financing Corp (COFINA)

The Puerto Rico General Fund has paid out $1.5 billion on the bankruptcies after initial expectations were $370 million over nearly a decade.

José Pérez Riera will fill the post that has been vacant for over three years.

Peterson objected to the board's treatment of PREPA bondholders.

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.

Economists remain guarded about the island's economic future.

The May economic activity index showed an increase.

The fiscal 2024 General Fund increases 2.5%

Puerto Rico must take additional steps to be able to regain market access, they said.

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.

Technology is improving collection of the tax supporting COFINA bonds.

Through the fiscal year's first eight months, revenues are 17.2% above projections.

Economic activity index is up month-to-month but down year-over-year.

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.

Holders of COFINA subordinate bonds are seeking compensation from the U.S. government, claiming their property was taken without just compensation.

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

The economy was boosted by COVID and hurricane relief money, one economist says.

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.

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