Mayors of the Tel Aviv metropolitan area propose metro tax


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24 Mayors of the Greater Tel Aviv District (Gush Dan) proposed “a special tax to be paid by all residents of the area to be served by the subway system and who will ultimately benefit from the transportation project.” The tax is a counter-proposal to the current government’s plans to fund aspects of the metro project. The affected local municipalities claim that the amount of compensation they will be required to pay to the landlords for the implementation of the project will lead to financial collapse. They outlined their concerns several weeks ago in a letter to Prime Minister Naftali Bennett and the finance, transport and interior ministers. Related Articles Meanwhile, the metro legislation is moving forward without a clause specifying how it will be financed. In their letter, the 24 mayors estimate that 150 kilometers of underground rail lines along the metro will lead to huge compensation claims under Section 197 of the Planning and Building Act, which deals with compensation for property depreciation. Published by Globes, Israel business news – en.globes.co.il – on September 19, 2021 Copyright Globes Publisher Itonut (1983) Ltd. 2021


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