Humacao, Ceiba toll plazas to become cashless Aug. 20
August 12, 2011
Three more toll plazas will become completely cashless effective Aug. 20, when the Department of Transportation and Public Works will finish converting the Humacao North and South, as well as Ceiba locations on PR-53, agency Secretary Rubén Hernández Gregorat said Thursday.
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GDB raises more than $1B in pair of bond issues
August 11, 2011
The Public Buildings Authority sold more than $1 billion in bonds in the Puerto Rico and U.S. markets within the last week, which it will use to build and upgrade some 100 public schools and repay a credit line it has with the Government Development Bank, GDB President Juan Carlos Batlle said Wednesday.
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Fortuño: U.S. ‘acted too late’ to avoid downgrade
August 8, 2011
Contrasting Puerto Rico’s current economic conditions with those of the U.S. mainland’s, Gov. Luis Fortuño said the “U.S. is starting to suffer the consequences of not acting immediately” to its escalating fiscal troubles.
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U.S. Navy puts 2K acres of former Roosey Roads land on block
July 31, 2011
The U.S. Department of the Navy’s Base Realignment and Closure Program Management Office is putting up for sale some 2,036 acres of land belonging to the former Naval Station Roosevelt Roads in Ceiba, announcing a public online auction on its Web site, where strikingly, it describes the land as ideal “for work or play.”
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NY firm to monitor energy use at several public buildings
July 30, 2011
For the second time this year, the Public Buildings Authority has awarded a contract to New York-based utiliVisor to monitoring energy consumption levels at government centers in Aguadilla and Caguas, as well as the Police Department’s Hato Rey headquarters.
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EDC promotes P.R.’s aviation industry incentives at Air Venture 2011 event
July 29, 2011
The Economic Development and Commerce Department is presenting the incentives and competitive advantages Puerto Rico offers to the aviation sector during its debut in the 2011 edition of the renowned Air Venture industry gathering taking place in Wisconsin this week.
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U.S. State Dept. to set up P.R. passport processing office
July 29, 2011
Starting next year, Puerto Rico and U.S. Virgin Island U.S. residents will be able to get their passports issued at the U.S. State Department branch that will open in San Juan, rather than stateside, government officials said Thursday.
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High-ranking government officials tout P.R. austerity measures at NLGA conference
July 28, 2011
The austerity measures put in place over the past two years have reduced Puerto Rico’s deficit and spurred economic growth, Gov. Luis Fortuño and his Economic Development and Commerce chief said in separate speeches offered on Wednesday’s session of the National Leutenant Governors Association convention taking place in San Juan.
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Obama signs disaster declaration for 12 towns
July 14, 2011
President Barack Obama signed Thursday an order declaring 12 towns as disaster areas, following severe storms, flooding, mudslides, and landslides during the period of May 20 to June 8, 2011. The order makes it possible for Puerto Rico to receive federal aid to supplement the expenses incurred by the central and municipal governments.
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CRIM opens 90-day property tax amnesty
July 14, 2011
roperty owners who are in arrears on their tax payments to the Municipal Collections Center have until Oct. 11 to take advantage of a temporary amnesty that grants the full elimination of interest, penalties and charges over the debt.
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General fund revenue collections top $8.1B in fiscal ’11, companies account for 10% of total
July 13, 2011
Foreign and non-resident companies doing business in Puerto Rico accounted for 10 percent of fiscal 2011’s General Fund collections, which reached more than $8.1 billion, preliminary results offered Wednesday show.
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IVU, Law 154 boost Treasury collections in May
July 5, 2011
General fund collections reached $625 million in May, representing an increase of $88 million, or 16.4 percent when compared to the same month in 2010, the Treasury Department said Monday.
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Fortuño signing Housing Stimulus program extension today
July 5, 2011
Gov. Luis Fortuño will be signing a six-month extension to the 2011 Housing Stimulus law today, giving would-be homebuyers the chance to take advantage of exemptions on closing costs and taxes.
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Voluntary tax amnesty ends June 30
June 29, 2011
With just two days left until the end of the government’s 2011 fiscal year, Treasury Secretary Jesús Méndez on Tuesday urged citizens and corporations that have not reported income received from legal sources to do so without penalty through the agency’s Voluntary Declaration Program that ends June 30.
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Highways concession contract inked, Abertis vows to repave 25% of PR-22 in 3 years
June 28, 2011
Over the next three years, two Puerto Rico highways will undergo a $56 million facelift en route to becoming world-class roads, so said the new private-sector consortium of Goldman Sachs Infrastructure Partners/Abertis, upon signing a 40-year management contract with the government at La Fortaleza Monday.
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