The “pot” of the Hauts-de-Seine department, namely the community's budgetary surplus, gives rise to lengthy discussions year after year on the occasion of the vote on the administrative account for the previous financial year. This envelope reached a record level in 2019 with 664 million euros. But it has since shrunk dramatically: it has been divided by six in five years, to stand at 116 million euros in 2023, an amount revealed this Friday morning in a public session.
An enormous drop which results largely from the real estate crisis and its corollary: the fall in Hauts-de-Seine of 30% in transfer taxes for valuable consideration (DMTO), this tax on all real estate transactions collected by the department. Which increased from 717 million euros in 2022 to 505 million euros in 2023.
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