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Bill

Bill

PS 353

Para enmendar la Sección 4050.09 de la Ley 1-2011, según enmendada, conocida como “Código de Rentas Internas de Puerto Rico de 2011”, con el propósito de cambiar el nombre y propósito del Fondo de Mejoras Municipales al Fondo para Aportación al Fideicomiso para el Retiro de la Policía, dejando este fondo exclusivamente para nutrir el Fideicomiso para el Retiro de la Policía creado por la Ley 40-2020, según enmendada; y para otros fines relacionados.

2025-2028 Session

Bill redirects Municipal Improvements Fund revenue exclusively toward police pension funding, eliminating municipal infrastructure allocations without identifying alternative revenue sources for local projects.

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Bill Summary · PS 353

Legislative bill overview

Bill PS 353 proposes to redirect funds from the Municipal Improvements Fund (Fondo de Mejoras Municipales) to exclusively support the Police Retirement Trust Fund (Fideicomiso para el Retiro de la Policía) created under Law 40-2020. This represents a fundamental reallocation of revenue previously designated for municipal infrastructure projects toward police pension obligations.

Why is this important

Puerto Rico faces significant challenges with both aging infrastructure and underfunded public employee pension systems. This bill directly addresses the police retirement fund's solvency by creating a dedicated revenue stream, but simultaneously reduces available resources for municipal infrastructure maintenance and development across the island's municipalities.

Potential points of contention

  • Municipal impact: Municipalities that depend on Municipal Improvements Fund allocations would lose this revenue source entirely, potentially delaying or canceling local infrastructure projects
  • Fiscal sustainability: Redirecting existing revenue rather than identifying new funding sources raises questions about whether this adequately addresses the Police Retirement Trust Fund's long-term obligations or merely shifts the burden
  • Equity concerns: The reallocation prioritizes one public employee group's pensions over broader community infrastructure needs that affect all residents
  • Revenue alternatives: The bill doesn't clarify what will fund municipal improvements going forward, creating uncertainty for municipal planning

Compiled from official sources — confirm details with the bill’s official record.

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