Morelia Ends Term with 55% Revenue Increase, No Debt

The city of Morelia, Mexico, is ending its current administration with a positive financial outlook. Officials report a 55% increase in revenue over the past three years, reaching approximately 1.35 billion pesos. This growth is attributed to increased tax and fee payments from citizens. Notably, the city achieved this without implementing new taxes or raising existing rates, only adjusting for inflation. Morelia is also closing the term debt-free, with only a small outstanding debt to suppliers, primarily related to multi-year projects and goods and services.