Puerto Rico Sales Tax Financing Corp (COFINA)

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.

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