Fri, 25 Oct, 2013 03:21:02 AM 0.5% municipality tax hike in the offing FTimes-STT Report, October 25
The Espoo City Corporation on Thursday announced that it would raise municipality tax by 0.5 percent in the upcoming budget with an aim to save EUR 70 million for balancing expenditure.
City Mayor Jukka Mäkela, however, assured that the corporation has no plan to terminate employees to cut cost.
Pointing at the increasing population, the mayor told journalists that tax should be increased by 0.5 percent from next year when the total tax rate would stand at 18.25 percent.
He said the budget has been very tight, especially amid the on-going financial crisis.
“Every year, the population of Espoo increases by more than 4,000. It means that there is necessity for better services for children, youths and elderly people every year,” said Jukka Mäkela.
Earlier, different municipalities announced layoffs as a cost-cutting measure.
Jyväskylä City announced to cut 900 jobs over the next three years to save up to EUR 50 million in the face of massive debts in recent years.
The Kouvola municipality authority also undertook a programme to terminate 600 jobs by the end of next year as part of its austerity measures.
Meanwhile, the regulatory authority of the municipalities also hinted that more municipalities were likely to face similar situation.
Sources said 27 municipalities, who employ a total of 50,000 people, would have to go through the termination process.
More News
|
|
Finland Times
| Thursday, 25 April, 2024 |
|
Copyright © 2024 All rights reserved
|
||||
