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Municipalities are making draws on reserves as revenues fall due to the pandemic.
June 9
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The board projects a 10.2% revenue surplus in the coming fiscal year.
June 5
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The Puerto Rico Oversight Board say the HTA, PRIFA, and CCDA bondholders never gained liens on revenues.
June 5
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The Supreme Court's decision will lead to federal consideration of who should serve on the Oversight Board for the next three-year term.
June 2
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Although voters are dissatisfied with the current administration's response to three crises, turnout is expected to be light.
June 2
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The high court unanimously ruled the Oversight Board members do not need to be confirmed by the U.S. Senate under the Constitution’s Appointments Clause.
June 1
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Success can't be achieved unless the local government more actively pursues reform, sources say.
May 27
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The board anticipates a $22 billion cumulative deficit through fiscal 2049.
May 27
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The Unsecured Creditors Committee say that two factors make it clear the current restructuring deal will never be approved.
May 22
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The commonwealth has been able to access less than 30% of the aid the federal government promised after the devastating 2017 hurricane.
May 14
