Jerusalem mayor to dramatically increase spending on capital in 2015 budget

Thanks to a nearly NIS 800 million infusion of funds from the government for the capital’s annual municipal budget, dramatic increases in spending will be allocated toward improving Jerusalem’s infrastructure this year, Mayor Nir Barkat announced on Tuesday.

As Barkat awaits final approval for his preliminary 2015 budget from the City Council in the coming days, he said his blueprint will feature marked increases in expenditures on neighborhoods, education, culture, sports, services, transportation and economic development.

According to the mayor, the increase in spending was made possible by a NIS 770m. government investment in the capital via the Finance Ministry and Prime Minister’s Office, as well as from self-generated income.

Source: http://www.jpost.com/Israel-News/Politics-And-Diplomacy/Jerusalem-mayor-to-dramatically-increase-spending-on-capital-in-2015-budget-388366

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