The Gov. Luis Fortuño administration’s efforts to privatize the Luis Muñoz Marín International Airport seems to be moving forward as American Airlines, the facility’s largest carrier tenant, recently agreed to sign off on the plan, The Wall Street Journal reported.
Slightly more than a month before the island’s current cruise ship incentives law expires, the Gov. Luis Fortuño administration filed Wednesday a new bill that would expand the scope of benefits offered to a sector that generates $245 million for the local economy.
Sales and use tax collections remain steady during the first 10 months of the current fiscal year, a pattern Treasury Department Secretary Jesús Méndez said is the result of several measures the administration has implemented to shore up much-needed cash for the government.
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