Christian Estrosi, president of the metropolis, is unequivocal: “The consolidated debt outstanding as of December 31, 2012, amounts to 946.85 million euros.” An increase of 4% compared to 2011. Figures put forward to respond to opposition pressure on the matter. The accounts of the metropolis were also discussed.
The investments made in the metropolis are the main subject of this financial management report.
In the 2012 management report, the Metropolis dedicated 23.39 million euros to its housing policy. “The local housing plan 2010-2015 set a goal of producing 1,268 homes and rehabilitating 750 others per year,” specifies the current mayor of Nice.
In 4 years, more than 745 million euros have been invested in the area, including 176.78 million euros for the year 2012 in equipment expenses. The significant figure of 330 euros per inhabitant per year is put forward.
Another subject highlighted by Christian Estrosi is support for employment. In passing, the former minister criticizes the policy implemented by the current government: “Since 2012, the national context has been very unfavorable. The government taxes households more and, at the same time, imposes various social charge increases on local governments.”
The state is accused of having reduced its grants by 1.32 million euros. The inclusion of overtime in employer social charges is also criticized.
But, despite these restrictive measures, Christian Estrosi is satisfied with these expenses “which have supported 20,000 jobs.” However, the awaited topic concerns the level of debt of the metropolis. On a constant perimeter, the debt outstanding would thus amount to 772.33 million euros. A figure obtained thanks to a debt transfer of 168.62 million euros from the General Council to the Metropolis. A deficit entirely covered by the General Council.
The President of the Metropolis wanted to reassure about this debt: “I inform you that the debt of the Metropolis is completely secured since it comprises 99.64% fixed-rate or regulated variable-rate loans.”
The debt reduction capacity is at 9.32 years, a threshold allowing new investments according to the scale set by financial magistrates who estimate 15 as the maximum threshold.