The Independence Party was historically the city's ruling party; it had an overall majority from its establishment in 1929 until 1978, when it narrowly lost. From 1978 until 1982, there was a three-party coalition composed of the People's Alliance, the Social Democratic Party, and the Progressive Party. In 1982, the Independence Party regained an overall majority, which it held for three consecutive terms. The 1994 election was won by Reykjavíkurlistinn (the R-list), an alliance of Icelandic socialist parties, led by Ingibjörg Sólrún Gísladóttir. This alliance won a majority in three consecutive elections, but was dissolved for the 2006 election when five different parties were on the ballot. The Independence Party won seven seats, and together with the one Progressive Party they were able to form a new majority in the council which took over in June 2006.