The November 10, 2023, edition of The Bond Buyer quoted FTLF Senior Counsel Phillip A. Escoriaza on the upcoming Puerto Rico governorship election. While the elections remain a year away, the New Progressive Party governor’s primary already has a contest forming between Puerto Rico Resident Commissioner Jenniffer González-Colón and Governor Pedro Pierluisi. The potential fiscal and economic policies sought by Ms. González-Colón and Mr. Pierluisi mark one of the more notable differences between these candidates.
When asked about what economic shifts could result from either candidate winning the governorship, Mr. Escoriaza pointed to the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) and the Island’s overall economic development situation. Unless PROMESA went away and the financial status of the Island improved, Mr. Escoriaza suggested that little would vary in fiscal policy between Ms. González-Colón and Mr. Pierluisi.
We greatly appreciate the chance for Mr. Escoriaza to share his insights in The Bond Buyer concerning Puerto Rico’s upcoming gubernatorial election. The Bond Buyer is a national trade publication covering the municipal bond industry. Please click here to read the entire article.