One year after Judge Laura Taylor Swain approved the agreement on the Sales Tax Financing Corp. (COFINA, in Spanish) bonds which, with the consent of a majority of the members of the Puerto Rican legislature, was presented by the executive and the Financial Oversight and Management Board to the bondholders, a study by economist Daniel […]
Nonprofit organization Open Spaces posed to several members of U.S. Congress that if the Financial Oversight and Management Board for Puerto Rico is not eliminated, transparency regulations must be imposed on its executives and its contractors, a firmer code of ethics, and a re-routing of the failed fiscal policies the body has implemented. In a […]
Nonprofit organization Open Spaces filed a motion before the Puerto Rico Supreme Court to overturn a decision by the Appellate Court to keep the government’s Report on Tax Reduction Agreements under seal. The report listing tax abatement agreements was prepared and delivered to the Financial Oversight and Management Board for Puerto Rico in July 2017. […]
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