3.5 - Financial Status of Municipalities
Results for the years 2007-2010 will be published when results for 2010 are ready for publication in April 2011.
Rationale for Indicator Selection
The Fjardaal and Karahnjukar projects will likely increase revenues from municipalities through increased income and property taxes from direct and indirect employment in the area.
The municipalities' expenditure, however, will also likely increase as the additional employees, their families, and others attracted to the local area require municipal services.
The main services which must be discharged by the municipalities according to Icelandic law are:
- Social services
- Technical services
- Education, culture, sports and recreation
- Infrastructure, environment, and planning
- Operation of harbors (where appropriate)
- Water works, district heating systems, and other utilities
Metrics
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Changes of municipal income tax in selected municipalities (Project effect: indirect).
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Municipal income/expenditure ratio (Project effect: induced).
Targets
- Not applicable.
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Balanced revenue/Expenditure ratio.
Monitoring Protocol
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Municipalities in East Iceland will make this data available.
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Municipalities in East Iceland will make this data available.
Performance
Results for the years 2007-2010 will be published when results for 2010 are ready for publication in April 2011.
