last City Council has approved the restructuring of part of the debt of the City, taking advantage of the possibilities offered by cash deposits and loans, which led to the renegotiation of the balance on forty mortgages.
This is a very important maneuver because will enable the City to release capacity investment in the coming years (especially in the first 5) or in a period when you still feel the effects of the economic crisis.
The remaining debt will be spread in next thirty years generating long-term increased spending offset by lower spending for the first ten years.
The move stems from the need to cope with lower revenues that will occur in coming years, but also to express clearly the choice of economic recovery through increased spending power by the entity.
The resources will be freed from this renegotiation will indeed be used for new investments.
sound management of public debt economy makes it possible to turn, to generate quality of life which then translates into wealth distributed on territory and then again in revenue for the institution.
-> The site of Cassa .
-> The renegotiation of mortgages.