Los Realejos Announces Fiscal Balance Measures to Offset Waste Fee Hike

In a move aimed at alleviating the financial burden on its residents, the municipality of Los Realejos in the Canary Islands has announced a series of fiscal balance measures. The most notable of these measures is the reduction of the Impuesto sobre Bienes Inmuebles (IBI), or Property Tax, to compensate for the recent increase in waste management fees, commonly referred to as the "tasazo" de basuras.

Background and Context

The "tasazo" de basuras, or the significant hike in waste management fees, has been a point of contention for many municipalities across the Canary Islands. This increase has placed an additional financial strain on households, prompting local authorities to seek ways to mitigate its impact.

Measures Announced

The Mayor of Los Realejos, whose name has not been specified in the recent reports, has outlined a comprehensive plan to ensure fiscal balance and provide relief to the community. Key components of this plan include:

• Reduction in IBI: The municipality will lower the IBI rates to offset the increased costs associated with the new waste management fees. This move is designed to ease the financial burden on property owners.
• Other Fiscal Adjustments: While the specifics of other adjustments are not detailed, the municipality is committed to reviewing and adjusting various fiscal policies to maintain a balance that supports the local economy and residents.

Community Impact

The decision is expected to have a positive impact on the community, particularly for homeowners and businesses that have been affected by the rise in waste management costs. By reducing the IBI, the municipality aims to maintain the affordability of living in Los Realejos and support local economic stability.

Timing and Implementation

The measures are set to be implemented in the coming months, with the exact timeline dependent on the approval and execution of the new fiscal policies. The municipality is working diligently to ensure a smooth transition and to communicate the changes effectively to all affected parties.

Broader Implications

This move by Los Realejos may set a precedent for other municipalities in the Canary Islands and potentially across Spain, as they grapple with similar issues related to waste management and fiscal balance. It highlights the proactive approach local governments are taking to address the financial challenges faced by their communities.

In summary, the municipality of Los Realejos is taking proactive steps to ensure that the recent increase in waste management fees does not disproportionately affect its residents. By reducing the IBI and other fiscal adjustments, Los Realejos aims to maintain a fair and balanced fiscal environment, supporting both the local economy and the well-being of its community.