2024-02-06 07:24:38
It’s a label that the town of Levallois would like to get rid of, especially since it no longer quite fits reality. Long labeled “the most indebted city in France”, the commune of Hauts-de-Seine has halved its debt in ten years, going from 590 million euros in 2014 to 286 million euros on January 1, 2024. It has even left the “red zone”, with a debt reduction capacity now less than eleven years, i.e. below the alert threshold set at twelve years by the State, even if the debt per capita (4,252 euros) remains high .
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The stated objective is now to reduce debt by 10 million euros on average each year. But also to continue to invest and, therefore, to borrow at a minimum, while maintaining services without (too much) increasing either municipal rates or taxes. To achieve this, the city decided to innovate with short-term and secure financial investments.
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