Puerto Rico Has a New Budget; 7% Sales Tax Coming Nov. 15

Cataldo, Adam L.
July 2006
Bond Buyer;7/13/2006, Vol. 357 Issue 32422, p28
Trade Publication
The article reports that Puerto Rico Governor Anibal Acevedo Vila has signed into law a $9.49 billion budget for the 2006-2007 fiscal year which began on July 1, 2006. The governor signed four separate joint resolutions passed by both the House and the Senate that together constitute the general budget.


Related Articles

  • Gov. Acevedo Vilá bets on 7% sales tax to straighten government finances. Márquez, Carlos // Caribbean Business;4/6/2006, Vol. 34 Issue 13, p24 

    The article comments on the proposed wide-base sales tax in Puerto Rico in 2006, which can generate more than $2 billion in revenues for the government and enable it to repay debt. Other measures proposed by Governor Anibal Acevedo Vila to straighten government finances include a freeze on...

  • Commonwealth Investors Receive Fiscal Update. Teissonniere, Georgianne Ocasio // Caribbean Business;8/11/2005, Vol. 33 Issue 31, p10 

    Reports on the update of the Government Development Bank for Puerto Rico on the 2006 fiscal budget. Submission of the report to Standard and Poor's Corp. and Moody's Investors Services Inc.; Motive behind Governor Aníbal Acevedo Vilá's veto of the budget; Total amount of budget that the...

  • Puerto Rico loses out on water bills. Collins, John // Caribbean Business;12/4/2003, Vol. 31 Issue 48, p4 

    Reports on the amount allotted to Puerto Rico in the U.S. Energy and Water Appropriations Bill for fiscal year 2004. Big water-projects loss for Puerto Rico; Loss of $8 million for a special grant for a water treatment plant in San Juan, Puerto Rico; Assignment of $12 million to dredge the...

  • The Governor's Forked Tongue. Barceló, Carlos Romero // Caribbean Business;5/5/2005, Vol. 33 Issue 17, p23 

    The article focuses on the budget presented by Puerto Rico governor Acevedo Vil´. Any intelligent and objective person living in Puerto Rico has to realize that the governor's budget is unacceptable and contrary, in many areas, to the program voted for by the people. Not only is Acevedo...

  • Executive and Legislative Branches Battle over Fiscal 2006 Budget. Serrano, Mariella Perez // Caribbean Business;8/4/2005, Vol. 33 Issue 30, p28 

    Reports on the veto of the fiscal 2006 budget by Puerto Rican Governor Anibal Acevedo Vilá. Stand of the governor on the manner in which the Puerto Rico Legislature approved the budget; Projection of Vilá about government spending for the 2005 fiscal year; Criticisms hurled against the...

  • Puerto Rico Officials Project Operating Deficit. Cataldo, Adam L. // Bond Buyer;2/7/2006, Vol. 355 Issue 32314, p1 

    The article focuses on the release of a report from Puerto Rico officials which projects an operating deficit of up to 625 million dollars. Officials also outlined a borrowing calendar for fiscal 2006. Governor Anibal Acevedo Vila has asked a meeting with the presidents of the Senate and the...

  • Puerto Rico's Governor Expected To Sign $9.48B Budget for FY 2007. Cataldo, Adam L. // Bond Buyer;7/6/2006, Vol. 357 Issue 32417, p32 

    The article reports on the impending approval of a $9.48 billion budget for the 2007 fiscal year by Puerto Rico Governor Anibal Acevedo Vila. The budget is said to contain a two percent reduction in expenditures compared to the commonwealth's $9.6 billion budget for fiscal year 2005. Also, the...

  • Puerto Rico Governor to Veto Fiscal 2006 Budget, Citing $1B Gap. Cataldo, Adam L. // Bond Buyer;7/29/2005, Vol. 353 Issue 32185, p6 

    Reports on the rejection of Governor Anibal Acevedo on the fiscal 2006 budget approved by the Legislature in Puerto Rico. Indication of the budget with an imbalance between revenue and funding needs in the state; Proposal of implementing a four-day work week for public employees to accommodate...

  • Puerto Rico's '08 Budget On Hold While Officials Squabble. Kaske, Michelle // Bond Buyer;2/22/2007, Vol. 359 Issue 32573, p36 

    The article reports on the decision of Governor Anibal Acevedo-Vila to delay the release of the commonwealth's preliminary budget proposal in Puerto Rico for the fiscal year 2008. It was accounted that the delay is attributed to the various opinions of lawmakers from different political parties...


Read the Article


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

Try another library?
Sign out of this library

Other Topics