Spectator on facebook

Spectator on facebook

Cabinet ditches plan to alter funding of local authorities

Rules governing the distribution of tax revenues for local authorities will not change after all, after the cabinet withdrew a legislative proposal aimed at altering the pattern, the TASR newswire reported on Wednesday, November 16. The law has already passed its first reading in parliament; a final vote was expected to take place in late November.

Rules governing the distribution of tax revenues for local authorities will not change after all, after the cabinet withdrew a legislative proposal aimed at altering the pattern, the TASR newswire reported on Wednesday, November 16. The law has already passed its first reading in parliament; a final vote was expected to take place in late November.

If the law had passed its second reading, municipalities would have received income from a mix of taxes as of 2012 rather solely from income tax on individuals. The initiative was criticised by the Slovak Towns and Villages Association (ZMOS) and, following a series of talks with the government, it has now been dropped.

However, an agreement has been reached on modifying the share that municipalities receive from income tax on individuals. If no change had been introduced, municipalities would have received an extra 18.3 percent year-on-year in revenues from the tax, which led to objections from the Finance Ministry. It proposed that the amount rise by 3 percent year-on-year. Eventually an agreement was struck on upping the amount that municipalities receive by 7 percent. Local authorities will receive a fixed aggregate amount of funding next year of €1.263 billion.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.