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Towns seek investment fee

SLOVAK towns are pursuing the introduction of a so-called investment fee for developers. Under this scheme developers would pay a fee, equalling a portion of the whole planned investment, to the respective municipality, which will in turn use it for building roads and sidewalks, maintenance and the arranging of land around new developments. The Union of Towns of Slovakia (ÚMS) originally proposed the idea during the term of the previous government of Iveta Radičová, and now wants to submit the proposal to the Robert Fico government.

SLOVAK towns are pursuing the introduction of a so-called investment fee for developers. Under this scheme developers would pay a fee, equalling a portion of the whole planned investment, to the respective municipality, which will in turn use it for building roads and sidewalks, maintenance and the arranging of land around new developments. The Union of Towns of Slovakia (ÚMS) originally proposed the idea during the term of the previous government of Iveta Radičová, and now wants to submit the proposal to the Robert Fico government.

“This is a fee for the investment of the development of the city,” Milan Ftáčnik, mayor of Bratislava Mayor and vice-president of the ÚMS said after a session of the ÚMS presidium on January 25.

ÚMS representatives want to discuss with the government a model that already exists and works abroad.
“We will submit this proposal,” said Ftáčnik, adding that the municipalities also view this model as a way to increase municipal income.

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