Treasury collections up $43.5M in Nov., beat projections
December 15, 2016
General Fund net revenues totaled $533.9 million in November, up by $45.3 million, or 9.3 percent, compared to November 2015, and by $43.8 million, or 8.9 percent, compared to estimates.
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Statistics Institute launches State Data Center-PR portal
December 15, 2016
The Puerto Rico Statistics Institute announced Wednesday the launch of the State Data Center of Puerto Rico website, placing the island on equal footing with U.S. jurisdictions, most of which have their own state and representative portal, agency Executive Director Mario Marazzi said.
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Scientific Games lands $132M electronic lottery contract
December 7, 2016
Scientific Games Corp. announced Tuesday it has landed an eight-year contract with the government of Puerto Rico to run the electronic lottery, known as “Lotería Electrónica.”
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Oversight Board puts out RFP for financial advisory firm
December 5, 2016
The Financial Oversight and Management Board for Puerto Rico created under the Puerto Rico Oversight, Management and Economic Stability Act issued Sunday a request for proposals for firms interested in providing services to the Board as financial advisor.
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Cancel: EDB OKs $499M in financing since January ’13
December 2, 2016
The head of the Economic Development Bank for Puerto Rico told members of the incoming administration during transition hearings that the agency approved $499.7 million in financing from January 2013 to present, boosting the economy
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Gov.-elect Rosselló announces 1st cabinet appointments
November 29, 2016
Gov.-elect Ricardo Rosselló announced Monday the first five members of his cabinet, including his Chief of Staff, chief legal advisor and his representative before the Financial Oversight and Management Board.
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Financial Board picks legal counsel, strategic consultant
November 28, 2016
The Financial Oversight and Management Board for Puerto Rico announced Sunday the selection of Proskauer Rose LLP as lead outside legal counsel, O’Neill & Borges LLC as outside legal counsel and McKinsey & Company as strategic consultant.
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U.S. Treasury offers Board ongoing technical assistance
November 22, 2016
Saying “resolving the crisis in Puerto Rico remains a top priority for the U.S. Treasury Department,” agency Secretary Jacob Lew sent a letter to the Financial Oversight and Management Board offering ongoing technical assistance.
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Treasury collections up 11.7% in October, at $700.1M
November 18, 2016
General Fund net revenues totaled $700.1 million in October, exceeding October 2015 revenues by $73.4 million, or 11.7 percent, and beating estimates by $74.5 million, or 11.9 percent.
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Financial Board unveils list of presenters for 3rd meeting
November 18, 2016
The Financial Oversight and Management Board for Puerto Rico announced the list of presenters tentatively confirmed to appear at its third meeting to be held Friday in Fajardo.
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N.Y. Fed President Dudley to visit Puerto Rico Nov. 28-29
November 17, 2016
Federal Reserve Bank of New York President William C. Dudley will visit Puerto Rico Nov. 28-29 to meet with leaders in the local community, government, business and education sectors, the agency announced Wednesday.
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Rosselló spells out economic development strategy
November 16, 2016
Gov.-elect Ricardo Rosselló on Tuesday offered details of the socioeconomic transformation model his administration will follow to spur “growth and development” for Puerto Rico over the next four years.
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Oversight Board calls for comments on gov’t fiscal plan
November 11, 2016
The Financial Oversight and Management Board for Puerto Rico opened a call Thursday for individuals and organizations to provide written comments on the government of Puerto Rico’s proposed fiscal plan.
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P.R. Gov. names Bielenberg ‘Revitalization Coordinator’
November 10, 2016
Puerto Rico Gov. Alejandro García-Padilla announced Wednesday his choice to fill the position of Revitalization Coordinator, picking Aaron Bielenberg from the three candidates proposed by the Financial Oversight and Management Board.
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Report: Fiscal Board nominee’s track record raises flags
November 8, 2016
The professional track record of the nominees named by the Financial Oversight and Management Board for Puerto Rico for the position of “Revitalization Coordinator,” Riz Shah, could present a conflict of interest were he to be appointed, a report by the Center for Investigative Journalism revealed Monday.
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