Puerto Rico

2014* Data (Released 06/16/16)

Financial State of Puerto Rico


*2015 data is not yet available

Puerto Rico owes more than it owns.
Puerto Rico has a -$65,100 “Taxpayer Burden”.
Puerto Rico is a “Sinkhole” without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden, which is each taxpayer's share of the commonwealth's bills after its assets available have been tapped.
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt.
Puerto Rico has only $27.3 billion of assets available to pay bills totaling $114.8 billion.
To fill the $87.5 billion financial hole each Puerto Rico taxpayer would have to send $65,100 to the commonwealth.
A draft of the commonwealth's unaudited financial report was released 596 days after its fiscal year end, which is considered untimely according to the 180 day goal. 2015 financial statements have not yet been released (as of 6/16/2016).

Other Resources

Puerto Rico Comprehensive Annual Financial Report

Publishing Entity: Government Development Bank for Puerto Rico

The First Circuit Court of Appeals ruling on ‘Assured’ should be reheard or reversed

APRIL 9, 2019 | MUNINET GUIDE | by James Spiotto

“… The First Circuit held that special revenues pledged to revenue bondholders are only exempt from the automatic stay (preventing creditor enforcement action for payments to bondholders) if the municipality voluntarily pays the special revenues to the bondholders, and that such timely payments are not mandatory in Title III or purportedly a Chapter 9 proceeding. … there is a solution that does not involve further judicial action: a Model State Law …”