Fiscal Situation Update: Fiscal Year 2009-2010 Budget

This Fiscal Update Report prepared by the Center for a New Economy (CNE) presents an independent analysis of the proposals contained in the Governor’s budget request for fiscal year 2009-2010. The analysis is based on CNE’s evaluation and interpretation of the budget data, rather than the Administration’s, and may incorporate estimates made by CNE’s staff or by other private sector analysts.

Asset Building in Puerto Rico: A Study of Children Development Accounts in Caguas

In this paper we examine the establishment and operations of a CDA program in Caguas, Puerto Rico. This program affords us an opportunity to test whether asset-building policies can provide a new approach to social welfare in Latin American countries and Hispanic communities in the United States, a middle way between paternalistic, government-based social programs on the one hand and so-called neo-liberal approaches on the other.

A New Look at Puerto Rico’s Electricity Sector

In August of 2005, the Center for the New Economy (CNE) published a research paper entitled “Restructuring the Puerto Rico Electricity Sector”. In that report we noted that the Puerto Rico Electric Power Authority (PREPA) suffered from various financial and operating inefficiencies that should be corrected as soon as possible. In this update we find, unfortunately, that most of those deficiencies are still present three years later.

Fiscal Situation Update: Fiscal Year 2008 Review

About a month ago the Puerto Rico Treasury Department released the preliminary revenue figures for fiscal year 2008. General fund net revenues totaled $8.252 billion, which is $610 million, or 6.88 percent, less than the $8.862 billion collected during the previous fiscal year.

“A Transnational Migrant Crossroads: The Circulation of People and Money in Puerto Rico” Presentation

A Transnational Migrant Crossroads is the first ever field study on remittance sending and receiving in Puerto Rico. As such, it is an important contribution to the worldwide literature on economic development and remittances. As its readers will note, the data and policy recommendations set forth will be of use to researchers and policymakers alike. Read More

Diez ideas para Puerto Rico

Puerto Rico necesita que su economía comience a crecer nuevamente. Para lograr esto, es necesario poner más gente a trabajar; crear más empleos en el sector privado; mejorar el clima de hacer negocios en la isla; y arreglar las finanzas del gobierno. Con esto mente presentamos diez ideas que nos ayudaran a incentivar el trabajo, el ahorro y la inversión, y estimular la creación de buenos empleos en el sector privado.

Fiscal Situation Update: Fiscal Year 2008-2009 Budget

This Fiscal Update Report prepared by the Center for a New Economy (CNE) presents an independent analysis of the proposals contained in the Governor’s budget request for fiscal year 2008-2009. The analysis is based on CNE’s evaluation and interpretation of the budget data, rather than the Administration’s, and may incorporate estimates made by CNE’s staff or by other private sector analysts.