Lunch n' Learn: Puerto Rico, PROMESA & Hurricane Maria with Jim Spiotto Mon., November 20, 2017 | 12:00 PM — 1:00 PM Harris Public Policy 1155 E. 60th Street Room 289B Chicago, IL 60637 United States Sponsored By: Center for Municipal Finance In 2014, Puerto Rico had $70 billion in debt, and its debt-to-GDP ratio was 68%. The strain of Puerto Rico's debt led to spending cuts and tax increases. Despite those measures Puerto Rico defaulted on a bond payment in 2015. In 2016, the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) was signed into law. Under PROMESA an oversight board was created to control Puerto Rico's budget and the restructuring of its debt. Join the Center for Municipal Finance for an engaging presentation by Jim Spiotto about PROMESA, how it should work, how it is working, and how Hurricane Maria has impacted Puerto Rico's financial recovery. Lunch will be provided. Please RSVP here by Friday, November 17, 2017. About the Speaker James (Jim) E. Spiotto is a Retired Partner of the law firm of Chapman and Cutler LLP and presently is the Managing Director of Chapman Strategic Advisors LLC, the consulting subsidiary of that law firm. He also is co-owner and co-publisher of MUNINETGUIDE.COM, an online service devoted to municipal related research and information. He is a leading expert on municipal finance, default and bankruptcy In the forty years prior to retiring as a partner in the law firm of Chapman and Cutler LLP, he represented issuers, indenture trustees, bondholders, banks, insurance companies, institutional investors and funds in litigation, bankruptcy or workouts of more than 400 troubled debt financings in more than 35 different states and in foreign countries as well. Questions? Contact Harris Events. Recent News More news Announcing the 2024 Stone Center Thesis and Dissertation Award Winners Tue., July 02, 2024 Harris Voices: Viviana Martinez, CLA'20, on What It Means to "Crown Up" Tue., July 02, 2024 Natasha Mathur, MSCAPP’19, on the Connection Between the Real World and Data Tue., June 25, 2024