Oversight board to certify adjusted fiscal plan today in public meeting
By The Star Staff
The Financial Oversight and Management Board will hold a public board meeting today, during which the panel will certify the updated commonwealth fiscal plan to reflect the plan of adjustment, according to a press release.
The oversight board will hold its 32nd public board meeting starting at 10:30 a.m. AST/9:30 a.m. EST.
The board members plan to certify the updated fiscal plan for Puerto Rico to reflect the commonwealth plan of adjustment recently confirmed by the U.S. District Court of the District of Puerto Rico, recent increases in federal funding, the most up-to-date census data, and other updates to revenue and expense projections.
The commonwealth debt adjustment plan, slated to go into effect in March, will restructure some $33 billion in central government debt and some $50 billion in pension liabilities. The oversight board recently announced that it reached restructuring agreements with the Puerto Rico Convention Center District and the Puerto Rico Infrastructure Financing Authority.
The meeting will be livestreamed in English and Spanish. The livestream will be available at oversightboard.pr.gov/live in English, and in Spanish at juntasupervision.pr.gov/live. A recording will be posted shortly after the meeting in the “videos” section of the oversight board’s website.
The oversight board will respond to questions and comments from the public through an online form available at bit.ly/PublicCommentForm. The responses will be posted in the documents section of the oversight board’s website.