Friday, March 12, 2010

Not alone

It is not just Bigastro that is cash strapped, many councils in Alicante province are suffering because of the collapse of the construction industry.

A recent report shows that the average income per habitant in Alicante is 935 Euros per year which allows an average investment of 175 Euros. The average deficit in Alicante for councils is 10,505,465 Euros.  As bad as that sounds, it doesn’t compare with an average of 23,049,290 for Castellón. Only in Valencia are councils in the black to the tune of 996,454 Euros.

We know that Bigastro is notorious for not paying its bills. Apparently the average delay in Alicante is 3 months a month longer that in Castellón.

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