HomeIbiza updatesIbiza's 2024 Budget Approved with Controversial Tax Cuts

Ibiza’s 2024 Budget Approved with Controversial Tax Cuts

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5 Things You Need to Know

– The Ibiza City Council has approved its 2024 budget, totalling 87.65 million euros, representing a 14.2% increase from the previous year
– The budget includes a 1 million euro reduction in the Property Tax (IBI), which has drawn criticism from the opposition
– The budget also features an increase in advertising and propaganda expenses, which has been questioned by the opposition
– The city plans to generate the reduced IBI income through additional indirect taxes and fees, leading to concerns about its impact on taxpayers
– The budget includes increased outsourcing of services, such as building cleaning and gardening, and the city’s first debt since 2017, leading to opposition criticism and concerns about fiscal responsibility

For a deeper read, the best article we have found on this news item is here.



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