AGP Executive Report
Last update: 2 hours agoPuerto Rico Fiscal Health: The Treasury Department reported $13.9129B in General Fund revenues for FY2026, up $279.1M (2%) year over year, and above oversight-board projections—driven by corporate and individual income taxes, the Sales and Use Tax, and nonresident withholding. Energy Contract Scrutiny: Lawmakers are demanding answers after a Puerto Rico power-generation deal worth nearly $6B was canceled over alleged forged signatures tied to temporary generation procurement. Drought Relief for Farmers and Small Business: USDA expanded Puerto Rico’s drought disaster declaration, bringing the covered municipalities to 38 and unlocking emergency loans and SBA Economic Injury Disaster Loans for eligible small businesses and nonprofits. Consumer Safety Alert: CPSC recalled 6.3M bottles of Mistolin and Lestoil cleaners sold in Puerto Rico and the U.S. Virgin Islands due to possible bacterial contamination. Retail Expansion Watch: Five Below says it plans to enter Puerto Rico in the second half of 2027, citing strong customer fit and real estate opportunities. Labor/Union Oversight: A federal judge ended a 37-year Teamsters monitorship, a major shift in how the union is supervised.
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