Portal de Las Torres de Cotillas
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The full City Council of Las Torres de Cotillas approved by an absolute majority on the night of Monday 25 April to allocate the remaining cash in the year 2015 -cifrado 1,531,053 euros to the amortization of municipal debt.
"At December 31, 2016 the debt of our City will be 3,316,305 euros, being one of the least indebted in our region and enjoy more economic health, as proof that we are the third town hall that pays its suppliers , making within eight days, "says the mayor, Domingo Coronado.
"Our debt ratio will rise from 38% to 22%
Amortization operation will allow the municipal coffers save 75,000 euros in interest on financial operations established to settle that debt.
"These numbers leave us in a privileged position in terms of management, which will allow us in the not too distant future be able to carry out large projects that require us citizens," said Coronado, who recalls that the Torreño and you need neither financial nor adjustment plan or recovery plan economic plan and that "the great architects are neighbors and neighbors Cotillas Towers".
Source: Ayuntamiento de Las Torres de Cotillas
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