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While keeping up efforts to obtain investment for the planning and development of Val d'Europe, the elected representatives of the SAN have set some priority objectives:
- To develop solidarity between the municipalities.
- To enable the municipalities to guarantee the quality of services offered to the population.

These are the objectives which guide the political choices made by the SAN in relation to finances.

Finances



Budget

For 2004, the SAN has an overall budget of €61.5 million (+8% in relation to 2003):
- General budget: €55 million.
- Supplementary budget for drinking water: €3.4 million.
- Supplementary budget for wastewater purification: €3.1 million.

Main characteristics of the 2004 budget: 
- Revenues:
o Includes new taxes from the second theme park, as well as the tourist tax collected from 6,600 accommodation units (with the opening of Val de France hotels in Magny le Hongre).
o State subsidies have stagnated (DGF/general operating grant, etc), as have the dues received from users of drinking water and purification services (consumption volume still remains below provisions).

- Expenditure:
o The budget dedicated to maintaining parks and gardens has been increased (due to the take-over of an extra 35 ha for management).
o The influence the Multimedia Library Network has increased with the opening of the Ferme des Communes multimedia library.
o Grants to the municipalities have increased by 56% enabling them to provide optimal conditions for new inhabitants.

Budget

Taxation

Business tax: a stable and attractive rate
Paid by companies and collected by the SAN, business tax for 2004 stands at 12.84% (national average: 15.21%).
This is an attractive rate which should accelerate the arrival of new companies to the sector, bringing with them sufficient fiscal resources which will in turn enable municipalities operate public facilities and host new inhabitants in optimal conditions.

Tourist tax
From 1st July 2003, the SAN became the new collector of tourist tax which formerly went to the municipalities.
Paid by visitors making use of accommodation services (hotels, rentals, etc.), subject to the economic climate, tourist tax should generate €4 million in revenues for 2004.

The SAN:
- Redistributes 20% to municipalities with hotels in the area.
- Allocates 30% to municipalities with a strongly growing population.
- Uses 50% for tourism-related operating expenses (especially for maintaining public property).

Tax for household waste removal
This tax finances the cost of the removal and treatment of household waste.

Taxation



Debt

Debt per capita currently stands at €8,626 (as opposed to the national average of €1,065). This is a high figure but not abnormal given the extent of development currently taking place in the sector. The SAN will need 11 years of savings to reduce its debt, and has established itself a maximum limit of 15 years for reimbursement.




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