We’re celebrating a historic milestone! After paying off 300 million euros, Estepona has eliminated all municipal debt, a remarkable achievement made possible through responsible and efficient financial management that prioritises the community’s long-term prosperity.
Unprecedented Tax Relief for Residents
Biggest ever tax cut: Residents will benefit from an average 20% reduction on their IBI (Property Tax) this year, putting money back into the pockets of families and businesses throughout our community.
Transforming Our Financial Future
A new era begins: Previously, 60,000 euros per day went toward servicing municipal debt. Now, these substantial funds can be strategically invested in enhancing public services, expanding support for local families, and fostering growth among our businesses and entrepreneurs.
Key Achievements at a Glance
| Achievement | Details |
|---|---|
| Debt paid off | 300 million € |
| Daily debt payment eliminated | 60,000 € |
| IBI tax cut | 20% avg. |
What This Means for Estepona
This historic financial milestone represents more than just balanced books—it’s the foundation for a thriving future. With our debt eliminated, Estepona is now positioned to:
- Invest in modern infrastructure and public facilities
- Expand social services and community programmes.
- Support local economic development initiatives
- Maintain competitive tax rates while improving services
- Build financial reserves for future opportunities
This marks a fresh start for Estepona—putting people and progress first! Our commitment to fiscal responsibility has created new possibilities for growth, innovation, and quality of life improvements that will benefit every resident and business in our community.
