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The Ministry of Finance and Public Administration has recently approved the Adjustment Plan to Totana City Council, thus leaving it to retain the 530,000 euros of the State Taxes to this local entity, as has recently been communicated by this administration to the Consistory Totanero

In this way, the Ministry of Finance and Public Administration has approved the Adjustment Plan submitted by the City Council to join again to the Financial Sustainability Management Fund of the Autonomous Communities and Local Entities.

The General Office of Studies and Financing of Local Entities reported earlier this week to the Mayor that the valuation has been carried out in accordance with the established criteria and has been favorable, which means that the monthly withholding is terminated Of the 530,000 euros corresponding to the State Taxes corresponding to the municipality.

This situation has occurred during the last four months because the corresponding Adjustment Plan was not approved in a timely manner, since it had to be taken to the Plenary several times, due to the lack of agreement between the different political groups of The Corporation for its final ratification.

Another notable fact is that the more than two million euros retained at this time have allowed to reduce the total value of the debt, which, as the municipal government team approved and reported in the last Plenary, throws a liability of 180 million euros, according to the calculations of the external audit carried out by the firm ACAL.

Thus, for the first time, an adjustment plan submitted by the City Council to the Ministry of Finance has received a favorable assessment, which was a sine qua non condition for receipt of the aid, to which the Consistory accepted Principle of the legislature to be able to face debts contracted by previous corporations, both with banks and with companies and suppliers.

In the last ordinary plenary session, it was also approved to create a Joint Commission formed by the City Council, Ministry of Finance and Ministry to seek together a financial solution to the local coffers;

As well as to urge the General State Intervention and the Court of Auditors for both institutions to audit the numbers, in addition to overseeing the economic-financial analysis submitted by the consulting firm hired.

Source: Ayuntamiento de Totana