Towns and villages keep their fingers crossed for subsidies

The Association of Slovak Towns and Villages (ZMOS) is requesting a state subsidy of EUR 141 million from the government to compensate for the weak tax revenues they received and to help overcome the backlash of the economic crisis. Not to mention the recovery that is needed after the recent floods.

Head of the association, Michal Sykora, is reluctant to talk about the ZMOS talks with the Ministry of Finance, but the ministry is already aware of the latest demand. So far no agreement has been reached, however, and so towns and villages will just have to keep their fingers crossed that finance minister Miklos is feeling generous.

Sykora reiterated that local authorities are in a dire state when it comes to financing, and that they are working hard on adjusting both sides of their budgets.

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