Alcudia has the highest accumulated surplus of all town halls in Mallorca. | Archive
Several town halls in Mallorca have large amounts of spare cash that are the consequence of an accumulation of budget surpluses. The reason for these surpluses can be traced to a Spanish government law that was introduced as a response to the financial crisis. This budgetary stability legislation required town halls to reduce their debts to zero (or near enough) and also limited what they could spend and how they could spend.