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Amended Municipal Budget to liquidate the loans and deal with the judgments of Bavinor, Socamex and Auditorium (01/12/2015)

The extraordinary plenary in November passed a loan modification, proposed by Mayor, to allocate the positive result for the year 2014 to early cancellation of the two loans he had the City Council, and the additional revenue generated by ICIO (Tax on Construction, Installations and Works) to cancel the outstanding debt known as "Judgment Bavinor".

The early termination of the latter has two consequences: the first is the immediate savings of at least 122,865 euros in interest over the current postponement of debt, scheduled for December 2018. The second is the removal budgets for 2016, 2017 and 2018 the annual amount of 136,099 euros.

The municipal savings may be higher if finally reach an agreement with the company, which has been proposed to waive part of the interest earned.

In the case of a judgment in favor of the company Socamex, not apply a tariff increase from 2008 after increasing the cost of water Taibilla, the amount payable amounting to 748,850 euros.

Since the municipal government will have made two proposals to the company in the last three months: an initial to reduce amount 29,063 euros to 719,787 euros, and a subsequent pay now only half (359,893 euros) in compensation and the other 50% in the next 3 years through work and improvements in supply networks.

The latter after a personal visit and the Mayor management company headquartered in Madrid, after it has reached a tentative agreement by both parties, with the most favorable to the City criteria.

It also faces 56,032.45 euros by the final judgment of the Auditorium, which dates from February 2015 and gave a deadline of September payment, together with costs and interest that have exceeded 25,000 euros.

Moreover, the headings of education are extended to implement the election pledges of the current government team, under the heading reducing cost of municipal government in more than 160,000 euros.

Investments in computers and whiteboards for an amount of 43,000 euros, as well as aid for the purchase of textbooks for large families 7,000 euros through a round of Social Services: This saving 50,000 euros for urgent educational needs are intended.

Economic needs expressed by the departments of Celebration, Higher Education and to end of the year, in response to obligations under the Senior Week, Mayos, Fair and gas payments and other supplies for public schools are also covered.

Finally, it is facing the increased payment of the membership fee to the FEMP, not foreseen in the initial budget, amounting to the amount of 2,555 euros, as well as the dues 2012 for 1,000 euros to Springs Villas section, needed to order the reinstatement of Alhama.

Source: Ayuntamiento de Alhama de Murcia

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