In 2018, the city of Nice demonstrated exemplary behavior. While the financial contract signed with the State allowed the city to increase operating expenses by 1.05%, Christian Estrosi and his team decided not to exceed 0.75%. A bold choice, as expenses decreased by 1.45%.
What is the winning strategy?
Nice therefore presents a virtuous record, while the Alpes-Maritimes department had a spending growth rate of +0.77%.
Christian Estrosi praises this “sound management.” Has the grasshopper become an ant?
For years, the city of Nice has made considerable efforts by increasing the sharing of services with the Metropolis or by rethinking its public policies. In the end, 30 million in savings were achieved.
80 million deployed for the people of Nice
The execution rate is very high, 95%, of the 85 million planned budget. However, the city has decided to take risks by “improving financial health and taking advantage of low rates to prepare for the future,” says the Republican mayor. This will allow for the creation of a new central kitchen, the development of sports facilities, and the financing of part of the work on tram line 2.
All these investments are the result of tax reductions and the increase in the purchasing power of the people of Nice.
Progress will be made, such as free access to Phoenix Park one weekend per month, and finally, the reduced prices for canteen services for the less fortunate, 80 cents for kindergarteners and one euro for elementary students.
Decrease in taxes
The mayor announces a reduction in the property tax rate by 9.2% in 2019 and 9.5% in 2020. This represents additional purchasing power for Nice property owners, amounting to 12 million in 2019. Couples with two dependent children and an average home will pay 60 euros less in 2019 and 57 euros less in 2020. It should be noted that the built property tax is very low, far behind other major metropolises like Lille or Marseille.
The azure capital is becoming increasingly attractive. Many investors are drawn by the assurance of purchasing a property that will not lose its value. Nice has become a safe bet for the future, enjoying notable dynamism and an economy in full transformation.
