The board of directors of the Puerto Rico Institute of Statistics met for the first time in seven months on Tuesday, after the San Juan Superior Court issued a cease and desist order preventing Gov. Ricardo Rosselló from interfering with the agency.
The U.S. House of Representatives Committee on Natural Resources sent a letter to the interim executive director of the Puerto Rico Electric Power Authority (PREPA) asking for further information related to recent allegations of corruption and mismanagement of power restoration operations on the island.
During his second State of the Commonwealth address since taking office, Puerto Rico Gov. Ricardo announced a new tax model to phase out the Business to Business (B2B) and plans to cut the Sales and Use Tax on processed foods from 11.5 percent to 7 percent.
How many times can someone say the word “plan" in 30 seconds? At least eight.
The most recent version of Puerto Rico’s fiscal plan for its central government would chart the future of the island, giving some degree of certainty to citizens, businesses and investors to bet on Puerto Rico’s dismal economy.
Starting Feb. 18, PREPA will begin a ramp down of select generation units.
Puerto Rico Gov. Ricardo Rosselló and Resident Commissioner Jenniffer González announced an allocation of $16 billion in federal funds for the recovery of the island after Hurricane María.
The U.S. House and Senate reached an agreement Wednesday on a federal disaster relief aid package for Puerto Rico and the U.S. Virgin Islands of $6.8 billion, government officials announced.
The American Statistical Association (ASA), the world’s largest community of statisticians, together with leaders of the Puerto Rican scientific community and more than 1,800 petition signers are urging Puerto Rico’s legislature and Gov. Ricardo Rosselló to keep its statistical agency independent.
The Financial Oversight and Management Board for Puerto has asked the Puerto Rico government to revise the proposed fiscal plans for the Commonwealth, the Puerto Rico Electric Power Authority and the Puerto Rico Aqueduct and Sewer Authority, as per letters sent Monday.
The Puerto Rico Private Sector Coalition, which represents more than 30 local professional organizations, on Monday argued that given the island’s circumstances post-Hurricane María and the potential impact of government measures, it is “critical” to have a body that ensures the independence and transparency of metrics and statistics to provide complete, reliable, and fast statistics.
The Puerto Rico Electric Power Authority, and the island’s energy sector as a whole, must be overhauled following the destruction caused by Hurricanes Irma and María to be more resilient and responsive to emergencies.
The Puerto Rico Planning Board revealed that, according to estimates made in coordination with the Federal Emergency Management Agency, some 200,000 homes are located in flood-prone areas, as per flood maps for insurance rates.
Puerto Rico Gov. Ricardo Rosselló announced his administration will begin the privatization of the Puerto Rico Electric Power Authority (PREPA), which he described as “a deficient and obsolete system of generation and distribution of energy on the island that was evident to citizens during the aftermath of Hurricane María.”
Puerto Rico Institute of Statistics Executive Director Mario Marazzi questioned the government’s plans to consolidate that public agency with the sole purpose of outsourcing its services down the road.
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