Miranda Palacios discusses Resolution 28 and municipal impact
Miranda Palacios says PROMESA was a perverse imposition and supports ending the board. She explains that eliminating the equalization fund would leave 43 of 78 municipalities with budget cuts of 30-60%, rendering them fiscally unviable.
On Resolution 28, we are in full support of ending what should never have existed.
Promesa was, from its origin, a perverse imposition, and 10 years in, their most tangible result is that Puerto Rico, Puerto Ricans, and our communities have been robbed of a decade.
It must end now, and reparations must follow.
When the board eliminated the primary fund for municipalities, the equalization fund, it promised a substitute mechanism, and it never created one.
La Liga's own analysis found that the elimination of this fund would leave 43 out of our 78 units of municipal government with budget cuts of 30 to 60 percent.
rendering them fiscally unviable.
They have not collapsed because of a life preserver made of ice that is rapidly melting, as U.S.
Government funds assigned for the post-disaster recuperation of Puerto Rico have an end date.
Hear me when I say this.
The provider of essential services, the units of municipal government,
will disappear, but the need will not.
Puerto Rico is not vulnerable.
We have been made vulnerable.
And resolutions like the ones discussed today help us fight back.