Tampere's 2027 Budget Keeps Municipal Tax at 7.60% and Plans €227.5m in Investments
Tampere has sent its 2027 budget proposal to the city council, keeping the municipal tax rate at 7.60% while planning €227.5m in net investments and forecasting a €43.9m deficit.
The City of Tampere says it has sent its 2027 budget proposal to the city council, forecasting €1,260.8 million in revenue, €1,304.7 million in spending and a €43.9 million deficit.
Officials expect the city's operational result to improve by about €22 million compared with this year’s estimate, and they identify roughly €60 million in permanent savings for 2026–2027 as part of a balance programme aimed at restoring sustainability by 2029. They are also preparing a Tampere Future Fund to invest part of the city’s freed-up capital over the long term; any decision on the fund’s rules and establishment would go to the council in spring 2027.
The plan keeps the municipal income tax rate at 7.60 percent and avoids tax rises while proposing €227.5 million in net investments next year, led by schools and day-care facilities. Public services are largely preserved. Class sizes will be maintained. Free swim sessions for older residents continue, and Aktivpass access and service-transport assistance will be expanded. NGO grants are preserved and food aid is increased.
The city would take on up to €190 million in new long-term loans while repaying €63.6 million, leaving debt at about €4,800 per resident by the end of 2027. Dividend income of €40.2 million from subsidiaries and an annual margin of €92.7 million, covering 41 percent of investments, are part of the financing mix.
Earlier reports flagged a €46.5 million shortfall in the 2027 budget and highlighted the city's continued emphasis on school and day-care construction the council's September estimate of a €46.5 million shortfall and the housing committee's prioritisation of school and day‑care investment.
Earlier coverage
Catch the full story over at City of Tampere
