The Financial Oversight and Management Board for Puerto Rico is fully committed to supporting the Puerto Rico Government, agencies, and public corporations as they continue to transition to renewable energy. One important example of this broad government initiative is the on-site solar energy project of the Puerto Rico Aqueduct and Sewer Authority’s (PRASA) Los Filtros …
Solar Energy Making a Difference at PRASA Guaynabo Plant Read More »
Transportation sector reform is a key element of improving Puerto Rico’s infrastructure, and the Certified Fiscal Plan for the Highways and Transportation Authority (HTA) defines the steps to reform the transportation system. To ensure the successful implementation, the Oversight Board, the Government, and HTA established a working group to establish an implementation plan. The principal …
Working Group on Transportation Sector Reform Established Read More »
Years of accumulated sediment have decreased the Carraízo Reservoir’s capacity by two million cubic meters. Now the Puerto Rico Aqueduct and Sewer Authority (PRASA) is starting a project to remove sediment and improve the reliability of water services for almost half a million families and businesses. The Financial Oversight and Management Board recently approved the …
Enhancing the industrial development of Puerto Rico is an important step towards the island’s path to economic growth and stability. In that process, the Puerto Rico Industrial Development Company (PRIDCO) is key to provide a first-class portfolio of industrial properties to make the island more competitive and attract greater investments. PRIDCO owns a large inventory …
Employees, for the most part, want to know how they are doing in their jobs, what they can do to further strengthen their skills and competencies to better carry out their duties, and what opportunities exist to advance in their careers. A well-designed and executed evaluation system can provide this and more, contributing to building …
Civil Service Reform: Rethinking Employee Evaluation Read More »
Professional growth is a powerful motivator. Public school districts that provide robust professional development opportunities, including both formal training and experiential learning, can develop strong leaders within their systems. In Puerto Rico, equipping education professionals with new skills and experiences is crucial for the transformation of the public education system to support better student outcomes. …
Transforming Puerto Rico’s Public Education System Through Professional Growth Read More »
By Jason Fichtner Interim Chair of the Pension Reserve Board and Member of the Pension Benefits Council The Plan of Adjustment that reduced the Commonwealth of Puerto Rico’s debt by 80% also established a pension reserve trust that strengthens the pension system to ensure pensions can be paid in the future regardless of who is …
The Financial Oversight and Management Board for Puerto Rico and the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) are together implementing an Automated Time and Attendance (T&A) system at several Puerto Rico government agencies that is connected to payroll and will ensure only employees who are working get paid and avoid distributing incorrect …
Since 2020, 170 students from the University of Puerto Rico’s faculties of Law, Business Administration, Social Sciences and Humanities help reduce the backlog in the Puerto Rico Department of Justice’s Property Registry Office, resolving over 400,000 backlog cases. Now the Oversight Board approved UPR’s request to allocate an additional $8 million to this successful program, …
Improving Government Operations While Creating a High-Performance Workforce Part II Read More »
To ease some of the hardship Hurricane Fiona caused tax filers in Puerto Rico, the Financial Oversight and Management Board approved, with observations, the Puerto Rico Department of Treasury’s (Hacienda) proposal to extend several tax filing deadlines and other tax administrative measures to allow individual and commercial taxpayers more time to comply with their tax …
