Hidalgo promises Paris an investment plan thanks to the increase in property tax

The text of the executive voted on Tuesday during the budgetary orientation debate "will make it possible to calmly develop, now that we know our self-financing capacities, an investment plan for the second part of the mandate (...) on our priority projects", declared Paul Simondon (PS).

Environmentalists, turbulent allies of the socialists, and the opposition have been calling for a term investment program (PIM) for months in a budgetary context clouded by the health and energy crises.

Their request was each time rejected by the executive.

But Monday, November 7, Anne Hidalgo announced a 52% increase in property tax for Parisian owners, who represent a third of the 2 million inhabitants of the capital. This increase should bring around an additional 580 million euros to the City from 2023.

The elected socialist has thus given up her electoral promise, in 2020, not to increase local taxes.

"I will not be able to keep this commitment", she admitted in session, calling on the Parisian owners for "solidarity" to allow her "to hold a quality public service".

She once again criticized the government for increasing the solidarity contribution imposed on the capital: "Taxpayers pay 720 million euros for the state budget", she reaffirmed, while the overall operating grant received in return "amounts to 40.000 euros".

On Thursday, the Minister of Public Accounts Gabriel Attal brushed aside these criticisms, calling on Anne Hidalgo for "structural reforms" and better control of "discretionary subsidy expenditure, which has increased very sharply in recent years".

This Tuesday, the elected LR and related, main opposition group, boycotted the budget debate, their leader Rachida Dati lambasting in front of the press a "policy of robbing Parisians".

Anne Hidalgo "had said, just before the summer, that she would never increase taxes", recalled the mayor of the XNUMXth arrondissement, denouncing "disrespect for public speech" and demanding an "audit of current expenditure and public policies" of the town hall.