Concerns over the proposed creation of a special state fund for the horse racing industry dominated discussions at the recent Audiencia 1 by the Camara de Representantes PR on September 19, 2025. Lawmakers expressed skepticism about the project's implications, particularly regarding fiscal neutrality and the allocation of funds.

A key point raised was the perception of the fund as a redistribution of existing resources rather than an additional financial boost. One representative emphasized that if the budget for municipalities does not reflect an increase in funds, the proposal could be seen as acceptable. However, if it implies extra funding, it would violate principles of fiscal neutrality.

The Department of Treasury's opposition to the fund was also highlighted, with concerns that the intention behind the project should be met through budget allocation rather than creating a new fund. This raised questions about the clarity of the proposal's support among lawmakers, as many expressed uncertainty about whether it would ultimately be endorsed.

The urgency of revitalizing the horse racing industry was underscored, with one representative noting a significant decline in horse auctions over the past decade. The representative argued that without reinvestment, the industry could face dire consequences, potentially leading to the loss of 20,000 jobs. They stressed the importance of defending the funds intended for the industry to foster economic activity and attract new owners.

Further discussions revealed confusion regarding amendments to existing laws related to the industry, with representatives seeking clarity on the legislative text and its implications. The meeting concluded with a commitment to address these concerns in future reports, as lawmakers continue to navigate the complexities of supporting the horse racing sector while ensuring fiscal responsibility.