November 28, 2020

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The CRIM projects an increase in its collections from 2022




The Municipal Revenue Collection Center (CRIM) projects an increase in collections from the fiscal year 2022-23 and for the two subsequent years, according to the fiscal plan that was delivered today, Thursday , to the Fiscal Oversight Board (JSF).


In fiscal year 2018-19 the CRIM raised $ 1,116,990. The figure dropped to $ 1,012,630 for the 2019-20 year, according to the 34-page document that must now be evaluated by the JSF to certify it before June 30 and of which El Nuevo Día obtained a copy. [19659003] The CRIM attributes the decrease in income from the last fiscal year to the present to earthquakes, the reduction in the income of the Lottery from which it receives annually $ 49 million and more recently, to the pandemic of COVID-19 [19459008WiththispanoramatheprojectionsinCRIMcollectionsforthisfiscalyear-whichendsonJune30-establishchargesfor$1061459afigurethatwouldriseto$1102435forthenextfiscalyear(2021-22)Theincreasewouldcontinuefor2022-23withincomeof$1143410

CRIM's income would begin to rise in 2023-24, reaching $ 1,184,386 and slightly increase the next fiscal year (2024-25) with the figure of $ 1,225,362.

"We attribute this to the initiatives that we are going to implement," said the mayor of Cidra and president of the CRIM Governing Board, Javier Carrasquillo.

Those initiatives are anchored in a restructuring of CRIM operations and innovation Regarding the use of technology to capture more income, explains the fiscal plan. The document argues that they will decentralize operations and integrate technology in "many" areas that include the identification and evaluation of new properties, and the capture of those that have undergone improvements.

Now, the fiscal plan recognizes that the State contributions will decrease. For 2018-19 the central government spent $ 230,870 and for 2024-25 it will be $ 40,412.

Controversy on the table

The projections of the CRIM are far from those of the JSF. The CRIM Governing Board determined, despite the discrepancies, to maintain its projections. While the CRIM estimates that it will close this fiscal year with $ 1,061,459, the body created by Congress projects that it will be $ 1,056,057.

“We do not know the methodology that the Board used for its revenue projections. We kept our projections because the law empowers CRIM to make estimates and estimates of CRIM income in recent years have been made. We have been assertive. "said Carrasquillo.

" Notice that we are talking about less than 1% (in disagreement with the Board), "he added.

He recognized that based on that controversy with the JSF they could not approve the fiscal plan submitted by the CRIM.

"Well then, let it be so and they certify their plan," said Carrasquillo.

In the fiscal plan, the CRIM recognizes that the municipalities have "several obstacles to overcome" in the coming months. Therefore, they assure that they will take measures such as establishing with the government what the parameters of exemptions and exemptions would be.

According to CRIM financial reports, they have $ 40,033,640 in assets and liabilities of $ 10,638,492.

Here you can read the fiscal plan:

Fiscal Plan of the CRIM by El Nuevo Día on Scribd



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