Puerto Rico Sales Tax Financing Corp (COFINA)
New PREPA bondholder group identifies itself
Group’s attorney is said to have experience arguing before the U.S. Supreme Court.
Read MorePuerto Rico’s FY 2023 revenues were 12.8% above projections
But a change in how foreign corporations are taxed brought down total revenue for the year.
Read MorePuerto Rico Oversight Board costs exceed projections by four times
The board has spent $1.5 billion on outside consultants since its founding. It was expected to spend $370 million over nearly a decade.
Read MorePro-bondholder member of Puerto Rico Oversight Board resigns in protest
Peterson objected to the board’s treatment of PREPA bondholders.
Read MorePuerto Rico board, government approve consensus FY24 budget
The fiscal 2024 General Fund increases 2.5%
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