Schaffhausen cantonal council approves tax cut and deficit
Published: Tuesday, Nov 19th 2024, 00:30
Back to Live Feed
The conservative majority of the Schaffhausen Cantonal Council has decided to lower the tax rate as part of its deliberations on the 2025 budget. A deficit of around CHF 49 million is expected in the current account.
The decision to reduce taxes was made towards the end of the budget debate on Monday evening. The proponents pointed to the canton's good financial situation and high equity. The canton of Schaffhausen has benefited from high corporate tax revenues in recent years.
Opponents of the tax cut from the left-green camp urged caution despite the current good financial situation. A motion tabled by the SP to pay all taxpayers a one-off CHF 200 instead of a tax cut was rejected. The cantonal council approved 2.3 percent of the payroll for wage measures in favor of cantonal employees.
In the final vote, the budget was approved by 36 votes to 20. The SP and Greens rejected it due to the tax cut and insufficient wage measures.
The Cantonal Council only made minor changes to individual budget items. The expenditure in the 2025 budget is just under CHF 1.1 billion. A deficit of just under CHF 49 million is expected. This includes a provision of CHF 60 million for expected payments to the National Fiscal Equalization Scheme in the coming years.
©Keystone/SDA
English 
German 
French 
Spanish 
Arabic