The opening of Serafina Beach Hotel in March 2018 was a first step in revitalizing the hospitality industry in Puerto Rico just six months after Hurricane Maria.
“The budget illustrates that the fiscal responsibility we instilled in previous years puts the Commonwealth in a better position to respond to the changing federal funding landscape.
Like many states, municipalities and territories across the U.S., we may have to revisit the budget with the Governor and Legislature if federal funding levels change.”
— Robert Mujica, executive director, Financial Oversight and Management Board for Puerto Rico