“It’s easy to hit the owners”: in Nantes, it’s not just the property tax that is increasing

The increase of more than 10% in property tax this year in Nantes (Loire-Atlantique) should bring an additional 23 million euros into the coffers of the city. “Rates had not changed in Nantes since 2009. When you increase only once in ten years, you can’t say it’s tax hype”, demines Pascal Bolo, deputy mayor, finance delegate. In the sights for the municipality, a very important investment in primary school: 270 million euros just for the construction and rehabilitation of classes and school groups. “Once we have scraped off the operating savings that we can make, we now have two levers left: the – moderate – recourse to borrowing at a time when interest rates are rising and the tax boost. »