Editor Team

COSSEC Fiscal Plan: A Road Map to Strengthen Financial Cooperatives

Financial cooperatives in Puerto Rico, just like credit unions on the U.S. mainland, provide access to banking and financial services to individuals and businesses. Across Puerto Rico, access to these financial services is essential to economic development, mainly outside San Juan where banks have limited presence. The Public Corporation for the Supervision and Insurance of …

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Hot Jobs in Government

The Government of Puerto Rico’s new modern salary structure, which was developed together with the Financial Oversight and Management Board for Puerto Rico as part of the ongoing Civil Service Reform, has brought competitive, market-based salaries to thousands of central government employees.  A select list of jobs received a different compensation treatment. Those “hot jobs” …

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The CRIM Fiscal Plan: A Road Map to a Fair Property Tax System

A fairer, more efficient property tax system will provide municipalities with stable income. The new Fiscal Plan the members of the Oversight Board certified on May 18 outlines a path for Puerto Rico’s Municipal Revenue Collection Center (CRIM) to collect tax revenue from properties that were previously untaxed, updating appraisals to reflect improvements to properties, …

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PREPA Employees Have Substantial Incentives to Join Genera

Puerto Rico’s energy sector transformation rests partly on transitioning the management of PREPA’s existing power plants to a private operator, which will also assume responsibility for environmental compliance, safety, and decommissioning old plants.  The agreement with Genera PR LLC to operate and maintain legacy power plants is a key element of Puerto Rico’s energy transformation, …

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Promoting an efficient organizational culture is key to a successful PRDE

An up to date organizational structure, compensation practices and methodologies that lead to competitive, fair, and equitable salaries, an employee evaluation geared towards professional development and growth, and a streamlined, and tech-enabled recruitment process may not be top of mind in K-12 education, but they are essential elements of a successful Education Department. That is …

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PRASA’s New Central Laboratory

One of the Puerto Rico Aqueduct and Sewer Authority’s (PRASA) main priorities is the reconstruction and improvement of Puerto Rico’s critical water infrastructure. PRASA’s Fiscal Plan, the roadmap to improve and secure Puerto Rico’s water supply, provides a blueprint for PRASA to achieve sustainability and outlines the foundation for a comprehensive capital improvement program. One …

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