The reduction of IMI and IRS for those who have their tax domicile in Lagoa is the main novelty of the set of documents for 2016, approved at the meeting held on October 30th by the Lagoon City Council.
The executive thus approved the proposed Budget and Major Plan Options for next year, in the amount of 31.171.948 euros, as well as decided to reduce the IMI and IRS.
According to a note from the autarchy, the documents were approved by a majority, with the PSD opting to abstain from the budget and voting in favor of the proposal to reduce the tax burden.
All these documents will now be discussed and voted on at the next Municipal Assembly, to be held on the 11th, at 21 pm, at the Convento de S. José Auditorium, in a meeting open to the public.
In its Budget and Major Plan Options, the Câmara de Lagoa bets mainly on the sectors of social action, equity, solidarity, mobility and urban requalification.
Among the planned investments is the «construction of urban parks to improve the quality of leisure time for Lagos residents and those who visit us», «provision of essential quality public services», «accomplishment of efforts to reduce water losses, which encumber the bill to be paid" by the City Council and by the citizens and also the "construction of water supply branches to various towns in the municipality".
In recent years, the municipal executive of Lagoa has been «doing intense and judicious work in the recovery of municipal finances», based on three fundamental axes: expenditure reduction, debt/liability reduction and revenue increase.
In the last two years, «this work has been bearing the expected results – as shown by the most recent economic indicators released by the Association of Chartered Accountants».
Therefore, the executive led by the socialist Francisco Martins says that he is now "in a position to be able to mitigate the enormous fiscal burden that falls on the people of Lagos, in accordance with the commitments made when presenting the accounts for the year 2014".
Its proposal to reduce the IMI and IRS, as well as the other proposals are based, adds the Chamber in a press release, “on the fact that the project [the executive] has for Lagoa is not limited in time to the present mandate and, despite the strong signs of the municipality's financial recovery, there is a long way to go in the implementation of the infrastructure that the municipality needs, and it is still necessary to carry out large investments, taking into account the drop in revenue from the announced phased extinction of the IMT, which started in 2017 and the lack of definition of the alternative financing model».
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