Puerto Rico Sales Tax Financing Corp (COFINA)

The governor and the legislature are at odds on how to make the increases, which could affect more than half of the workforce.

The underestimate came as the board was concerned about the impact of COVID-19 on the island's economy.

The board recommended federal policymakers talk with Puerto Rico’s government about ways to increase pharmaceutical and medical products manufacturing on the island to expand economic development.

Revenues were also ahead through the first 11 months of fiscal 2021.

While the truckers returned to work Thursday night, their union said board interference could lead to a renewed strike.

The economic impact of the strike will depend on how long it lasts and how many truckers stick with it.

The $10.1 billion General Fund focuses on operational improvements, Medicaid reform, and enhancing tax compliance.

The board said the measures passed by both the Puerto Rico House and Senate would harm the economy.

Economists in Puerto Rico panned the proposal to raise the rate to $9 per hour saying it would hurt businesses.

Puerto Rico's government tells the court the Disclosure Statement should address the likelihood the legislature will not approve new bonds for the plan of adjustment since the plan cuts pensions.