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While expenditures also grew, revenues came in 4.5% higher than projections and were higher than the authority's cost growth.
May 11 -
Teachers petition court for a rehearing before the full appeals court panel of judges.
May 10 -
The local government's bond restructuring law specified the tax was to go to the General Fund starting on March 15.
May 4 -
Holders of $4.3 billion of HTA bonds will receive $1.2 billion of new bonds with 5% coupons and $389 million of cash.
May 3 -
With the ink still drying on the central government restructuring, analysts give takeaways from Puerto Rico's bankruptcy. Some point to credit fundamentals, others to lack of willingness to pay, as key drivers of the bankruptcies.
May 2 -
Issue is disposition of $1 billion to $2 billion of Puerto Rico government funds.
April 28 -
In a win for the Oversight Board and bondholders, an appeals court shut down a teachers' associations challenge, but another case challenging the plan has yet to be decided.
April 27 -
The board says the governor will have to make many changes to its budget.
April 26 -
The majority on the court said upholding the benefits could have opened the door to a broad range of other federal benefits to Puerto Rico residents.
April 21 -
Revenues were also up compared to the Oversight Board's projection made on Jan. 27.
April 21