The New Fiscal Plan for the Commonwealth of Puerto Rico has been updated to reflect more reliable revenue and expenditure data for Fiscal 2018.
The previous highest level was for September 2005 when revenues totaled $778.7 million, Treasury Secretary Teresita Fuentes said.
This in turn will fall short of leading Puerto Rico “toward a more sustainable economic future,” the company stated.
The funds are available to Puerto Rico under FEMA’s Category B, or Emergency Protection Measures.
In the original lawsuit filed Feb. 24, 2015, the plaintiffs sought compensation for their estimated $1 billion losses in electricity overcharges.
Puerto Rico Gov. Ricardo Rosselló a pair of executive orders to achieve efficiencies in the Insurance Commissioners’ Office and the Office of the Commissioner of Financial Institutions, as well as other offices related to the agricultural industry.
The U.S. General Accountability Office issued a report recommending that several U.S. agencies work to include Puerto Rico in more federal economic and labor data reporting, to make it easier to assess the commonwealth’s true problems.
Net revenues collections for the commonwealth’s General Fund totaled $670.3 million in August 2018.
The three projects went through the required evaluation process, as specified in the Public-Private Partnerships Act.
WHD has also undertaken significant outreach activities to educate employers and employees about compliance with federal wage laws, as part of its ongoing hurricane response efforts.
The signing of the grant agreement now paves the way to speed recovery dollars needed to restore damaged and destroyed homes, businesses and infrastructure.
On the one-year anniversary of Hurricane María’s landfall in the Caribbean, U.S. Environmental Protection Agency Regional Administrator Pete Lopez will meet this week with commonwealth, territory, and local partners.
To date, the FEMA Public Assistance program has obligated nearly $3.7 billion in total funding to municipalities and government agencies.
The Federal Emergency Management Agency has partnered with the Polytechnic University of Puerto Rico School of Architecture to develop a conceptual urban design plan for the Vieques ferry landing.
Puerto Rico Resident Commissioner Jenniffer González, who is a Committee member, questioned why the SBA’s loan disbursement process has taken from one to six months.
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