The Fiscal Supervision Board (JSF) has rejected the proposed budget for the University of Puerto Rico (UPR) for the 2027 fiscal year, citing non-compliance with current fiscal plans and a lack of detail on how to cover tens of millions of dollars in retirement system obligations. In a letter to Governor Jenniffer González, JSF Executive Director Robert Mujica gave the administration and UPR until June 24 to submit a revised budget.
The UPR’s president, Zayira Jordán Conde, stated that the institution is evaluating the board’s concerns and will submit the required information within the established term. The JSF noted that the UPR’s budget does not include the additional cost of maintaining the Defined Benefits Plan, which would represent a shortfall of at least $44.5 million. The board also questioned multiple increases in expenses, including materials and supplies ($10.4 million) and the medical plan ($3.4 million).
The UPR’s proposed budget allocates $132.7 million to the retirement system, consistent with the previous fiscal year’s level, but the JSF argues that this figure does not account for the costs of maintaining the current system.