PR gov’t health officials: ’16 Zika epidemic is over
June 6, 2017
Puerto Rico Health Department officials confirmed Monday the end of the Zika epidemic on the island, saying levels have substantially decreased since the same reporting period in 2016, with approximately 10 cases reported in each four-week period since April 2017.
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Assured Guaranty sues gov’t over PRHTA bonds
June 5, 2017
Assured Guaranty Ltd. Filed an adversary complaint challenging the Commonwealth of Puerto Rico’s “illegal diversion” of special revenue bond collateral that secures the payment of Puerto Rico Highways and Transportation Authority bonds.
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PR gov’t officials ask Congress to consider PR in budget
May 26, 2017
Gov. Ricardo Rosselló, Resident Commissioner Jenniffer González, and Senate President Thomas Rivera-Schatz joined forces Thursday in an effort from the federal capital to insert Puerto Rico into the discussion of the United States budget.
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Event seeks to create links to innovation in PR gov’t
May 23, 2017
Technology has changed the way the world operates. However, the government sector has been slow to adapt to the times.
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GDB, creditors reach debt restructuring agreement
May 16, 2017
Gov. Ricardo Rosselló announced Monday that the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, for its Spanish acronym) and the Government Development Bank of Puerto Rico have entered into a restructuring support agreement (RSA) with a significant portion of its major stakeholders.
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Op-Ed: First public hearing on debt audit: Will it happen?
April 14, 2017
Imagine that the Puerto Rico Commission for the Comprehensive Audit of the Public Credit is operating and that it calls for public hearings.
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Gov’t suspends $1.8B in special assignments, tax credits
March 8, 2017
The government of Puerto Rico released an administrative order Tuesday suspending some $1.8 billion in special assignments and tax credits, in an attempt to bridge budgetary gaps.
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PR GO, COFINA bondholders spar over pending litigation
February 23, 2017
The COFINA Seniors Coalition on Wednesday filed a motion to join litigation already pending in the U.S. District Court in Puerto Rico — Lex Claims, LLC et al. v. Garcia-Padilla et al. — to expose what they called “meritless, self-serving claims brought by a litigious faction” of General Obligation ("GO") bondholders.
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Gov’t agencies, towns have until Mar. 31 to propose P3s
February 22, 2017
The Public-Private Partnership Authority issued a reminder Tuesday to central government agencies and Puerto Rico mayors of the Mar. 31 deadline to submit their proposals for potential Public Private Partnerships for evaluation.
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Treasury collections fall $45.4M Y-O-Y in December
February 2, 2017
The Puerto Rico Treasury Department released Wednesday revenue collection numbers for December 2016 totaling $799.3 million, which represents a year-over-year decrease of $45.4 million.
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Gov’t releases RFQ for new strategic advisor, legal counsel
January 5, 2017
The new administration under Puerto Rico Gov. Ricardo Rosselló on Wednesday released a Request for Qualifications (RFQ), seeking a new strategic advisor and legal counsel to move ahead with restructuring the Commonwealth’s $68 billion debt.
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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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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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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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Fiscal health index shows most P.R. towns carry deficits
October 26, 2016
The majority of Puerto Rico’s 78 municipalities are in dire financial conditions, with more than half carrying deficits on their general funds, the Center for Integrity in Public Policy (CIPP) revealed in its third annual Financial Health Index.
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