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On March 27, 2025, the Redován Town Hall has officially settled its longstanding debt, totaling over 6 million euros, by approving a positive treasury balance of €1,054,218.69 for the 2024 budget. This allows the complete elimination of the municipality’s remaining debt. The announcement was made by Mayor Nely Ruiz and Finance Councillor José Nájar, who called the move “historic” for the town.
The debt was carried over from 2011, when the town faced financial challenges, including unpaid bills and unresolved commitments with various entities. Since then, the town has adopted rigorous financial management, resulting in the current surplus.
With the debt now cleared, the mayor emphasized that funds previously allocated for debt repayment will now be redirected to improve public services, infrastructure, and the well-being of the community. This development marks a significant step towards a financially stable and prosperous future for Redován.
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