Vieques Municipal Finances
Gypsy García Córdova is the President of the Vieques City Council. Today, January 26, 2016, he made some declarations regarding the town’s financial condition in attention to a newspaper article recently published on the subject.
Here is the unedited statement which he made available in English and which I reproduce unedited and with his permission.
Very truly yours,
Santiago F. Lampón
STATEMENT BY MR. GYPSY GARCÍA CÓRDOVA
“Referring to today’s publication in which the Mayor Emeric makes tax issues dire warnings, I would like to clarify some points which I refer ahead.
“The Municipality of Vieques closed its fiscal year in surplus in the last three years, duly certified by the Comptroller’s Office.
“Currently the Municipality of Vieques ended an accumulated debt of $ 6 million dragging of the past 15 years, today January 2016 the accumulated debt is $ 0.00
“By order of Law under the leadership of former Governor Sila Calderon (2001) an annual subsidy of about $3 million for Vieques, that due to the government’s fiscal crisis have not met with Vieques, as yet they have not made many citizens with their tax refunds. Therefore, a municipality of Vieques being limited financial resources, this situation could affect the continuity of work of many employees.
“That said, it does not mean under any circumstances mismanagement of finance, overdraft or the proposed annual budget of the municipality that is still in effect until 30 / June / 2016.
“The administration and its Mayor Mr. Victor Emeric, has been very diligent and responsible with its economy and fiscal health. In fact, due to the strong media pressure the central government will make a partial payment to the Municipality to ensure employee payroll this week, as it undertook to identify funds as soon continuity.
Gypsy I. Garcia Cordova
President Legislature Vieques