Puerto Rico Governor: Pact in Sight

Catasldo, Adam L.
May 2006
Bond Buyer;5/18/2006, Vol. 356 Issue 32384, p1
Trade Publication
The article reports on the optimism of Puerto Rico Governor Acevedo Vila that he will sign both the tax reform and spending measures in the next six weeks. The governor hopes that the agreement would help solve the financial problems faced by the government. The tax reform scheme aims to create new revenues amounting to 300 to 400 million dollars from sales tax. The additional source of funds would be used to pay debts and refinance the loans from the Government Development Bank.


Related Articles

  • Voters in Georgia Municipalities to Weigh Tax and Bond Proposals. DeSue, Tedra // Bond Buyer;2/5/2008, Vol. 363 Issue 32808, p29 

    The article reports that voters in Georgia will be deciding on bond and tax proposals for capital projects, in addition to the presidential nominations. Voters will decide of the Board of Education of Gwinnett County can issue $750 million of general obligation bonds to fund its water and sewer...

  • Cook County Defers Action On Proposed 2% Sales Tax Increase. Shields, Yvette // Bond Buyer;10/2/2007, Vol. 362 Issue 32725, p28 

    The article reports that Cook County board members in Chicago has deferred their action regarding the controversial 2 percent sales tax increased that board president Todd Stroger is promoting. It is stated that Stroger promotes the sales tax increase to wipe out an estimated $307 million...

  • Refinancing could be double amount considered. Marquez, Carlos // Caribbean Business;5/3/2007, Vol. 35 Issue 17, p6 

    The article offers information regarding the Dedicated Sales Tax Fund (DSTF) which is a key to $5 billion public debt refinancing in Puerto Rico. If adequately structured, DSTF bond issue could potentially get an A rating or higher from credit rating services, substantially reducing the debt and...

  • North Carolina Might Authorize Introduction of Half-Cent Sales Tax by Counties. Sigo, Shelly // Bond Buyer;7/26/2001, Vol. 337 Issue 31189, p6 

    Reports on the plan of the North Carolina General Assembly to grant the counties the authority to enact a half-cent local option sales tax. Move of the House of Democrats in the state to solve budget crisis; Examination on the 440 million dollars funding proposals for the state; Details on the...

  • SOUTH DAKOTA. Clement, Douglas // Fedgazette;Nov2002, Vol. 14 Issue 6, p15 

    Reports on the decline of sales taxes in South Dakota in fiscal year 2002. Significance of sales taxes to the state's general fund; Decision of the South Dakota Legislature to draw on the state's reserve funds in February 2002; Completion of the sale of future state receipts from the 1998...

  • Tax hike would benefit 370 Lakeside. Korando, Russell // St. Charles Journal;7/11/2012, Vol. 47 Issue 28, pA1 

    The article reports on Proposition P, a city sales tax increase of four-tenths of a cent that could generate as much as 4.8 million U.S. dollars per year for Saint Peters, Missouri that would be used for storm water management and park improvements.

  • N.Y. Gov. Pataki Reducing Debt. McKaig, Ryan // Bond Buyer;12/21/2000, Vol. 334 Issue 31042, p2 

    Reports on New York State's plan to eliminate its high-cost state debt and increase pay-as-you-go funding.

  • Window Of Opportunity.  // Emerging Markets Monitor;3/10/2003, Vol. 8 Issue 45, p18 

    Reports on the finances of Lebanon in 2003. Implications of the release of net public sector debt of Lebanon; Public debt in 2002; Recommendations from the International Monetary Fund.

  • NOTES AND COMMUNICATIONS. Maastricht, Beyond // De Economist (0013-063X);Dec2001, Vol. 149 Issue 4, p509 

    Examines the monitoring of the sustainability of public finances in the European Union countries. Indication of public debt; Identification of national budgetary policy; Importance of the distribution of income.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics