Portal de Las Torres de Cotillas

www.portaldelastorresdecotillas.com

• Home
• Business
• Hotels
• Restaurants
• News
• Advertisement

The City Council approved Cotillas Towers on Thursday October 30 ordinary plenary session, with the votes of the people's socialist municipal group, a budget amendment to accomplish the redemption of 13% of municipal debt.

"We have adopted this measure due to the excellent financial results for the year 2013, which has produced a surplus of 1.342 million euros in cash," says Torreño of Finance, Angel Gonzalez, who recalls that "it is the best in the history of the Consistory. "

The main consequence is a reduction in municipal debt by this amount of 10,466,000 euros this happening to 9.124 million euros at year-end 2014. This reduction in turn will result in interest savings for the year 2015 compared to budget of 25,346 euros, which-in addition to 176,000 Euros loan ICO makes a total of 202,346 euros.

"This amount is saved the City of Towers Cotillas will revert to the benefit of all residents of the municipality as it will go towards investment in the next year," he adds Gonzalez.

Source: Ayuntamiento de Las Torres de Cotillas