Puerto Rico Sales Tax Financing Corp (COFINA)

Through the first nine months of the fiscal year, Sales and Use Tax collections are up 30% from the year earlier.

The Board will address several of Puerto Rico's authorities' fiscal plans and will have an update about PREPA's transition of its systems to the private operator, LUMA Energy.

While its budget does not include debt service, the executive director said she anticipated amending it in the coming fiscal year once the plan of adjustment is finalized.

While the 2020 number was down from the 2010 figure, it was still almost 10% greater than the Puerto Rico Oversight Board's estimate.

After statehood, Puerto Rico's legacy bonds would likely retain their current status, but analysts are mixed on how the market would receive new debt.

If sales and use tax revenues surpass May 2020 expectations, some bondholders would see increased payments.

Non-farm employment went up for three consecutive months.

The board also extended the deadline for two bond insurers to withdraw from the central government bond Plan Support Agreement.

Net revenues came in 21.6% ahead of Puerto Rico Oversight Board projections in the first seven months of the fiscal year.

A Biden executive order may lead to the expansion of a central Puerto Rico industry — pharmaceuticals.