Plans to build a commuter train project connecting Caguas to San Juan, called Novotrén, have been derailed after years of development and interest from the private sector, Caguas Mayor William Miranda-Torres confirmed.
Faced with a recent 70 percent hike in municipal taxes payable to Caguas, a group of companies representing a broad sample of businesses — restaurants, supermarkets, cash & carries, retail store chains, and telecommunications carriers — filed a lawsuit against the town to challenge the levy.
Private sector representatives got together Thursday to blast the Caguas municipal government for what they called an “excessive and discriminatory” tax increase that took effect July 1 and affects businesses making more than $3 million in revenue.
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