This is an important step in any local government, whether or not there are municipal elections the following year. The Paris council debated this Tuesday morning regarding the orientation of the city’s budget. “It’s about shining a light on the budget debate by providing elected officials with key hypotheses for crafting the budget,” explain, to Tribune, Paul Simondon, deputy (PS) Finance Anne Hidalgo. And there’s a good reason: as every year, the budget will be presented in December, three months before the regional elections.
Economic uncertainty is caused not only by VAT revenues, but also by the old real estate market. Its capital is a municipality and department, it levies a transfer for consideration tax (DMTO) which is included in the calculation of notary fees paid by each existing home buyer.
