Tartu Passes €4 Million Supplementary Budget

The main building of Tartu University Photo: Postimees/Scanpix
5/23/2014 10:45 AM
Category: Politics

With barely the first quarter of the year passed,Tartu, Estonia's second largest city, has drawn up and approved a supplementary budget of 4 million euros.

The city is forecasting more income from state aid and will use last year's budget surplus. It has upgraded income tax takings by 400,000 euros for 2014.

The majority of the additional funds will be used for investments, while 1.7 million euros will go towards day-to-day running of the city.

Education will receive 1.7 million euros, including increased salaries and renovation of kindergartens and schools. Around 800,000 euros will go towards the renovation of a bridge, with 562,000 coming from the state.

The city passed two similar supplementary budgets last year, with a total of 6 million euros bringing the 2013 budget to 157.8 million euros.

This year's budget was 15 percent smaller, with the city citing a loss of EU funding. The next EU funding period kicks off in 2015.


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