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House announces approval of Joint Resolution 665 to redirect nearly $1 billion in surplus
Summary
An unidentified House speaker said the chamber approved Joint Resolution 665 to amend the current budget, citing about $860 million in current-year surplus and $132 million from the prior year and outlining allocations for economic development, municipal funds, PREPA recovery, Medicaid match and CAPEX; the House plans a final vote on June 28 after expected notice from the oversight board.
Unidentified Speaker 1 said the House approved Joint Resolution 665 to amend the current budget and allocate roughly $993 million in available surplus across a range of priorities.
The speaker told the chamber, "Hoy la cámara de representantes demuestra con acciones" and announced what he called two actions demonstrating fiscal discipline, listing a current-year surplus of 860 million dollars and an additional 132 million from the previous year to be redirected by the measure.
The measure, the speaker said, directs specific sums to multiple uses: 34.3 million for economic development incentives; 14.8 million to the municipal improvements fund; 36.2 million tied to IVU collections to pay providers; 3.4 million to the solid-waste fund negotiated as part of debt restructuring under la ley 53; 1.6 million in matching…
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