Albox approves a new adjustment plan will reduce interest payments on 74.000 euros monthly town hall

Albox Town Hall.

Albox Town Hall.

Albox City Council approved a new adjustment plan that will allow the Consistory pay 1% interest instead of 5% debt payment. The Department of Finance has drafted the new plan, approved last Friday in plenary, and reduce interest payments 74.000 Monthly euros, going to pay 16.000 euros for this concept instead of 90.000 that they had been paying.

This has been explained Councilman Finance of the City of Albox, Tito Carrillo, which it has detailed the initiative is part of the Supplier Payment Plan that the Consistory adhered "to ensure payment companies and freelancers who work with us as suppliers". Carrilo recalled that "although it has been greatly reduced, we still have to deal with paying a large debt, corespondiendo the 75% in the same period of the Popular Party government in Albox. The savings in interest payments this will make available more funds to undertake projects and activities for the municipality ".

Better collection and lower taxes

In addition to lower interest payments, Councilman Hacienda has advanced thanks to the new local tax collection launched by the City "the numbers have improved significantly, allowing us alpicar half as adopted earlier this 2017, when we apply a significant reduction in Vehicle Tax it has supesto savings for neighbors 200.000 euros "

Carrillo added that "given the success of the initiatives promoted by the council and technicians Hacienda" from this area are preparing amendments to other ordinances that will mean paying less tax, as a bonus payment of IBI for large families ". Let's not forget, on the other hand, that the City Council is showing positive numbers as surplus during last 4 years old, which gives a good account of the excellent management carried out during this period ", He has concluded the council of finance.