Blog

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 …

COSSEC Fiscal Plan: A Road Map to Strengthen Financial Cooperatives Read More »

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” …

Hot Jobs in Government Read More »

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, …

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

By Soniemi Rodríguez The Financial Oversight and Management Board and the Puerto Rico Government  have started to expand the successful Civil Service Reform from the Treasury Department and the Office of Management and Budget pilot to the administrative and fiscal functions of the Puerto Rico Department of Education (PRDE). The Oversight Board and PRDE has …

Civil Service Reform in Education Read More »

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, …

PREPA Employees Have Substantial Incentives to Join Genera Read More »

The Government of Puerto Rico has for the first time in over 30 years one uniform system for assigning jobs and pay in the central government. As part of Civil Service Reform, the government, working with the Financial Oversight and Management Board, didn’t just consolidate job classes and pay systems. A new modern vision for …

Civil Service Reform: What’s Next? Read More »

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 …

Promoting an efficient organizational culture is key to a successful PRDE Read More »

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 …

PRASA’s New Central Laboratory Read More »

Every day, 16 detectives go to work around Puerto Rico – to find hidden water leaks. More than half of the water that runs through the Puerto Rico Aqueduct and Sewer Authority’s (PRASA) water system is lost because of damaged pipes, tanks, and service connections to the customer meters. But PRASA’s Fiscal Plan outlines a …

PRASA’s Leak Detection Program Saves Precious Water Read More »

 The Plan of Adjustment to cut the Commonwealth debt by 80% provides Puerto Rico with a path to real, sustainable economic growth. Fiscal responsibility and government that works for the people and businesses is another critical element of Puerto Rico’s future prosperity, and the Government of Puerto Rico and the Financial Oversight and Management Board …

Improving Government Procurement Processes Read More »