Municipal Finances

Local authorities finance their annual expenditure out of taxes, central government transfers, various charges and sales revenues. Local income tax paid by residents, real estate tax and a share of corporate tax account for almost half of all municipal revenues. Each local authority decides independently on its income tax rate. The average local tax rate is 19,38 percent of taxable income.

MUNICIPALITY OF SIMO
INCOME STATEMENT

 

   2014  2013  2012
   Eur thousand  Eur thousand  Eur thousand
Operating revenue  2 093  1 895  1 790
Operating expenses -22 323  -21 650  -20 446
Staff expendoture  5 728  5 723  5 720
Services purhased  15 183  14 507  13 266
Raw materials and consumbles  877  946  923
Grants  305  279  288
Other operating expenditure  231  194  249
Operating marigin  -20 231  -19 754  -18 656
Tax revenues  11 106  11 007  10 537
State grants  9 142  9 111  9 101
Annual margin  -92  253  853
Depreciations and reductions in value  -795  -730  -654
Exraordinary items  3  0  0
Net result for financial year  -883  -478  198
       
Key Figures      
Operating revenue/Operating expenditure, %  9,4  8,8  8,8
Annual margin/Depreciation on fixed assets, %  -12  35  130
Annual margin, Eur/Inhabitants  -28  75  249
Number of inhabitants  3 296  3 355  3 429

 


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