The Center for Integrity and Public Policy (CIPP), a nonprofit that promotes government transparency, open access to data, and greater citizen engagement, unveiled Thursday the Municipal Financial Health Index, a new tool to analyze and compare the financial health of Puerto Rico’s 78 municipalities.
Puerto Rico’s economic activity registered a year-over-year decrease of 0.4 percent, and a month-over-month reduction of 0.3 percent, according to the latest index released by the Government Development Bank Thursday.
The cost of living in Puerto Rico for a professional family is about 13 percent more expensive than it is in more than 300 urban and rural areas in the U.S. mainland, according to the findings of the Cost of Living Index.