ESTEPONA is set for a striking facelift after the local council approved a “historic” multi-million-euro budget on January 1.
Authorities said that around 20% of the €132 million earmarked for 2026 will go toward infrastructure investments, including a new main boulevard, additional car parks, and a cycling track.
Adding to the good news, property taxes across Estepona have been reduced by an average of 20% – in what Mayor Jose Maria Garcia Urbano described as “the biggest tax cut in Estepona’s history.”
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“We believe that keeping money in the hands of local residents is essential for sustaining and boosting the local economy,” he said.
Of the record-breaking €27 million set aside for infrastructure, roughly €10 million will fund the new Central Park Boulevard, and just under €5 million will go toward an underground car park beneath the Church of Nuestra Señora del Carmen.
Approximately €4 million will be allocated to a new cycling track and other sports facilities, with the remaining €8 million covering smaller projects, including resurfacing streets and improvements to public parks and children’s playgrounds.
The unprecedented spending follows Estepona’s full repayment of its massive €304-million debt last year, allowing the 2026 budget to move forward unencumbered for the first time in more than a decade.
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