debt repayment
The Municipality of Estepona Implements Significant Reductions in Real Estate Taxes for Registered Residents
Around 38,000 real estate tax bills are receiving an average rebate of 20%. The Estepona City Council has started to implement the largest reduction in Real Estate Tax (IBI) for registered residents. The recent August receipt already reflects the approved reduction, benefiting approximately 38,000 bills. After clearing the total debt of 304 million euros left…
Estepona City Council pays off 300 million euros debt and implements major tax reduction
The City Council of Estepona has achieved a significant milestone by completely paying off the accumulated debt of more than 300 million euros. This achievement has led to the implementation of the largest tax cut in the city’s history, with an average reduction of 20% on the Real Estate Tax (IBI) bills for the year…
Estepona City Council clears 7 million debt from PSOE era construction company
A judicial sentence forced the Consistory to pay off a debt left by the socialists, resulting in high interests on unpaid works like those in Seghers urbanization, the Police School, and the Pabellón del Carmen redevelopment. The current government team found a 7 million euro debt from the largest construction company during the PSOE government,…
Approval of Budget Adjustment to Settle Majority of Inherited Debt in Estepona
The upcoming plenary session in March will see the Estepona City Council approve a budget adjustment for 2025, allocating 20 million euros to pay off a significant portion of the debt left by previous administrations. This move aims to nearly clear the 24 million euro debt by the end of this year, paving the way…