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2012 Budget of the Government of Puerto Rico. The Budget of the Government of Puerto Rico (Spanish: Presupuesto del Gobierno de Puerto Rico) is the proposal by the Governor of Puerto Rico to the Legislative Assembly which recommends funding levels for the next fiscal year, beginning on July 1 and ending on June 30 of the following year.
A federal control board that oversees Puerto Rico’s finances approved a revised fiscal plan on Wednesday that temporarily suspends all budget cuts and anticipates the island’s projected ...
Student Assembly at UPRM. The UPR operating costs are provided by a variety of sources, including federal, state, and private grants and tuition and fees paid by students; however, they are mostly provided by the state government based on a fixed formula of 9.6% of the average collections deposited in the government's General Fund during the preceding two years, which was established in the ...
Puerto Rico’s governor said Tuesday that the U.S. territory’s budget for the upcoming fiscal year will be the largest in history at $14 billion, with new funds meant to help the island’s ...
Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico (Spanish: Ley para Incentivar el Traslado de Inversionistas a Puerto Rico)— is an act enacted by the 16th Legislative Assembly of Puerto Rico that exempts local taxes on certain passive income generated by individuals that reside in Puerto Rico.
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The 2006 Puerto Rico budget crisis was a political, economic, and social crisis that saw much of the government of Puerto Rico shut down after it ran out of funds near the end of the 2005–2006 fiscal year. The shut down lasted for two weeks from 1 May 2006 through 14 May 2006, leaving nearly 100,000 public employees without pay and closing ...
Because of this, Puerto Rico has been called the "welfare island". [7] People from the Dominican Republic do many of the jobs in Puerto Rico that pay too little to attract the locals. [7] However, proponents of the program argue that Puerto Rico's social condition is in far worse shape than any of the 50 U.S. states. [33]