The municipal plenary session has approved the General Budgets for 2027, marking the largest budget in the city's history at €325,510,900. This represents a 5.01% increase from 2026, achieved without raising taxes.
The increase in revenue, also at 5.01%, is primarily driven by anticipated growth in the collection of the Tax on Constructions, Installations and Works (ICIO), which is expected to yield an additional €5.1 million. This tax is considered a reliable indicator of urban growth, as it is directly linked to construction activity.
Focus on housing
Funding for housing initiatives has seen a significant boost, with Chapter 7 of the budget increasing by 54.38% to €9.3 million. This includes:
- Plan Llave: €3.5 million allocated for the first year of the second phase aimed at subsidising the construction of affordable rental housing.
- Facade rehabilitation: €2 million dedicated to fulfilling commitments made to local communities.
The city council's investment potential remains strong, having mobilised approximately €40 million annually from 2024 to 2026. This level of investment is reflected in the new budget, which includes notable allocations such as:
- €3.8 million for the Vías Plan agreement with Adif and the Principality of Asturias, incorporating unspent funds from 2026 due to delays in project bidding.
- €2.8 million for the renovation of the Covadonga Hostel.
- €6 million for the continuation of works on the Tabacalera Art Centre, the largest cultural investment in Gijón's history, totalling €22 million.
- €1 million for the ongoing development of the new Fire Station.
- €2 million for district budgets, maintaining the 100% increase committed in 2025.
Public services funding
Public services will receive a record contribution through municipal companies and their autonomous bodies, amounting to €114.2 million, which is 7.26% more than in 2026. All municipal companies and autonomous bodies will see their contributions strengthened, with particular focus on PDM, EMTUSA, EMULSA, and Divertia.
